Putin Says Russia Won’t Repeat Others’ Mistakes in Transition to Green Technologies

Putin Says Russia Won’t Repeat Others’ Mistakes in Transition to Green Technologies

Russian President Vladimir Putin promised the country that it will not be part of the "hysteria and mess in the markets" of green technology during a cabinet meeting Tuesday, assuring a smooth transition, unlike Europe's, the Associated Press reported.

"See what's going in Europe—there is hysteria and mess in the markets. Why? Because nobody takes it seriously," he said. "Some speculate on the climate change issues, some underestimate certain things and some others start cutting investments in the mining industries."

Putin claimed that the current situation with soaring natural gas prices in Europe was partly rooted in a lack of investment, a mistake he said he would not repeat.