Putin Defies ‘Stupid’ Sanctions, Slams EU Gas Price Cap Plan

On Wednesday, Russia’s Vladimir Putin described Western sanctions “stupid” and threatened to halt all energy sales to Russia’s critics if they move forward with a cap on oil prices proposed by the G7 industrialized economic powers.

“We will not supply gas, oil, coal, heating oil, we will not supply anything,” Putin said, in a defiant speech at the plenary session of the Eastern Economic Forum, which was being held in the city of Vladivostok in Russia’s Far East.

Putin added that Moscow will let “the wolf’s tail freeze” in reference to a famous Russian fairy tale.