(AP) — President Vladimir Putin on Monday said Russia has “repeatedly warned that attempts to destabilize the situation in the Middle East will inevitably jeopardize” the global energy market, raising prices and limiting supplies.

The Russian leader emphasized that Moscow is a “reliable energy supplier” and will continue to supply oil and gas to “countries that themselves are reliable partners,” like those in the Asia-Pacific region or Slovakia and Hungary in Eastern Europe. Moreover, Russia is “increasing supplies” to its reliable partners, Putin said.

He reiterated that Russia was pondering diverting gas supplies from the European Union, where a full ban on Russian gas from 2027 was agreed, to other markets, but added that if “European buyers” change their mind, Moscow was ready to work with them.