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Russia remains a reliable energy supplier for Europe and intends to increase deliveries
Russia remains a reliable energy supplier for Europe and intends to increase deliveries, a deputy prime minister said Monday. Russia covers 25% of the European Union's natural gas needs, but relations were strained when shortfalls were temporarily registered after energy giant Gazprom cut off supplies of Ukraine in January. But Alexander Zhukov was optimistic over Russia's future role against talk of Europe diversifying its supplies. "Our position is that Russia will increase fuel and energy supplies to Europe, and all fears that Russia may be an unreliable partner are groundless," he said. Zhukov said Russia was pursuing market-level prices in its trade with all countries, including former Soviet neighbors, and reiterated that the country would honor its commitments in full. "This will make our economic relations more stable and transparent," he said. "But this does not mean that we may reduce delivery volumes or fail to fulfill our obligations."
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