Subscribe to Vesti News Vladimir Putin's press conference following the BRICS Summit in Brazil:"As to negotiations with Ukraine and the risk of stopping transit, we've repeatedly stated that we're ready to work with Ukraine both as a country transiting our gas to Europe and as an importer of our gas. Note that we offer lower prices than what Ukraine pays for Russian gas that it buys "as European" through side pipelines. I want everyone to understand that this is impossible. Gas can't flow in one direction in one half of the pipe and in the other direction in the other half. It's nonsense, soft-boiled boots. This is absolutely impossible. We know how it works in terms of technology. It goes into the pipe, then there's a loop made. They made a side pipe and pump it back. What's the pipe's construction? It was made in the Soviet Union. There's a transit pipe with branch pipelines all over Ukraine. They credit it and then it appears on the books as gas from Europe. That's nonsense. We realize it well. We just don't resent it to avoid escalating the situation. But we said that if we supply it to them directly, we're even ready to decrease the price by 20-25%."
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