El Mundo: EU sanctions have backfired on Europe

Russia is reselling gas at a price four times higher, while Europe faces the winter with its lowest storage levels since 2013.

According to the Spanish newspaper, European companies were purchasing Russian liquefied natural gas (LNG) through long-term contracts at a price of 25–27 euros per MWh. 

Following the introduction of restrictions, Russia has been able to redirect these volumes to Asia at prices that are currently about four times higher.

Europe risks facing an even greater increase in prices.

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Source of information: Global News Agencies including REUTERS / TASS / AFP / ANADOLU / INT.RU / Al Jazeera / CNN