Kremlin spokesperson: Russia does not use its energy resources as a weapon

Kremlin spokesperson Dmitry Peskov told reported on Friday that Russia does not use its oil and gas resources as a weapon, as reported by Reuters.

Commenting on US President Joe Biden's National Security Adviser Jake Sullivan's remarks about Russia having a history of using energy as a tool of coercion and a political weapon, "we are convinced that this is a wrong assessment," the spokesperson said.

Peskov further noted that sanctions threats from the US against energy projects may contribute to the destabilisation of the energy market in Europe.

Market reaction

The market mood remains cautious following these remarks. As of writing, the Euro Stoxx 50 Index was down 0.52% at 4,077.