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You're reading: Putin rules out trade war with EU over Gazprom
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“We have very warm, constructive relations. It is not a trade war,” Putin told reporters after an Asia-Pacific Economic Cooperation (APEC) summit in the Russian port city of Vladivostok.

The European Union’s executive Commission opened the inquiry on Tuesday into suspicions that Gazprom, which is more than 50 percent owned by the Russian state, is hindering the free flow of gas across the EU and mistreating its customers by linking the cost of gas to oil prices.

However, Putin linked the recent investigation to European debt crisis, blaming some of the European Commision officials in desire to shift internal problems to Russia.

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