OREANDA-NEWS   The increase in gas prices in Europe to $ 700 per thousand cubic meters shows that everything is unstable in Europe with gas, said Russian Deputy Prime Minister Alexander Novak.

"Today's volatility, the rise in prices to $ 700 per thousand cubic meters of gas, in my opinion, only once again confirms that it is very unstable there (in Europe – ed.)," he told Channel One.

The Deputy Prime Minister noted that there is currently a shortage of gas on the European market.