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Russia: New EU Sanctions Mean Higher Energy Prices Are Now Inevitable

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Reuters

Russia’s Foreign Ministry said on Wednesday that sanctions imposed by the European Union over the crisis in Ukraine will “inevitably” lead to higher energy prices in Europe.

“By going on a sanctions spree, Brussels, by its own will, is creating barriers for further cooperation with Russia in such a key sphere as energy. This is a thoughtless and irresponsible step. It will inevitably lead to an increase in prices on the European market,” it said in a statement.

Reuters, 31 July 2014