Moscow is considering a withdrawal without waiting for a blanket EU ban on Russian resources, the president has said

Russia may withdraw from the European gas market and redirect its supplies elsewhere without waiting for the EU to ban its imports, President Vladimir Putin has said.

The president made the remarks on Wednesday after he hosted Hungarian Foreign Minister Peter Szijjarto at the Kremlin.

"There's no political motive here. But if we're going to get shut off in a month or two, we'd be better off stopping now and moving to countries that are reliable partners, and establishing ourselves there. But that's not a decision yet, it's just me thinking out loud, so to speak. I'll definitely instruct the government to work on this issue with our companies," Putin told Russian journalist Pavel Zarubin.

Moscow could redirect supplies to "emerging markets" instead, given the EU's repeatedly stated intention to phase out Russian resources completely, Putin suggested. The energy crisis in the EU is the result of the "misguided policies" pursued by the bloc's authorities over "many years," he said.

Russia "has always been and remains a reliable energy supplier" for all its partners, including the European nations, the president noted. Moscow is ready to continue work in such a manner with those partners "who are themselves reliable," he added.

"For instance, with those in Eastern Europe, Slovakia, and Hungary. We supply them with our energy resources, both oil and gas, and we intend to continue to do so in the future. And the leadership of these countries will pursue the same policy as today, namely, being reliable for us," the president explained.

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