Nikolay Gaponenko said that gas prices could rise far beyond the current preferential level, potentially reaching European market quotations

Dmitry Peskov stressed that Russia remains a reliable and responsible energy supplier throughout the country, and especially to its closest allies and partners

Russia said on Wednesday it had warned Armenia it would suspend or terminate the supply of cheap oil, gas and rough diamonds to the South Caucasus country

Prime Minister Nikol Pashinyan said that Armenian authorities are not concerned about rising commodity prices if ties with Russia deteriorate, because they expect to become rich…

Nikolay Gaponenko said that gas prices could rise far beyond the current preferential level, potentially reaching European market quotations

Sergey Kaufman added that prices higher than for Russia’s domestic market or for supplies to Belarus

Alexey Belogoryev noted that Armenia’s economy is one of the most gas-intensive in the world

Sergey Tsivilyov stressed that Russia had always treated the Armenian people as a brotherly nation

According to the Russian leader, this will mean higher energy prices