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10/16, 12:10 PM (Source: TeleTrader)
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European energy crisis could repeat - Russia

Russia Deputy Prime Minister Alexander Novak (pictured) warned on Saturday that the energy crisis in Europe may not be a one-off event, urging measures to be taken to avoid the issue in the future.

"I do not rule out such a situation may recur. The gas shortage in Europe's underground gas storage facilities currently stands at around 25 billion cubic meters, and something needs to be done about that," the official said.

Earlier this week, Brussels called for a diversification of energy sources and suppliers to improve risk management.

Breaking the News / MD