You're reading: Bloomberg: Putin warns Europe Russia to cut gas if Ukraine steals supplies

President Vladimir Putin warned the European Union that Russia will cut natural gas shipments via Ukraine if the smaller country starts taking fuel. "There are big transit risks," Putin said on Oct. 16 at a press conference in Belgrade, Serbia. If Russia sees its Ukrainian partners "are starting to siphon off our gas from the export pipeline network, we will respond by reducing flows by the amount stolen."

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