Kremlin spokesman Dmitry Peskov said on Wednesday that Russia was supplying gas to Europe at maximum levels under existing contracts, according to the TASS press agency.

Any potential increase in supply would have to be negotiated through Russian energy giant Gazprom, Peskov said, adding that Moscow stands ready to increase gas transit through Ukraine if the European Union increases its purchases.

“We can say that Russia fully fulfills all contractual obligations under the upper bar, that is, to the maximum possible, all volumes of supplies have been increased in the light of existing contracts and agreements,” Peskov said, TASS reported.

– Sam Meredith

Russian President Vladimir Putin is due to deliver a speech at the plenary session of the Russian Energy Week International Forum in Moscow on Wednesday.

His opening remarks precede a panel moderated by CNBC on Global Energy, where Putin will be joined by BP CEO Bernard Looney, TotalEnergies CEO Patrick Pouyanne, ExxonMobil CEO Darren Woods and Daimler CEO Ola Kallenius. .

CNBC’s Hadley Gamble is expected to welcome the business leaders on stage around 1:00 p.m. Moscow time, and Putin is expected to speak for about 15 minutes afterwards.

– Sam Meredith