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    UPDATE 1-Russia's Putin rules out trade war with EU over Gazprom

    * Putin says Russia, Europe have "warm, constructive"

    relations

    * Blames European debt crisis in the probe

    * Says someone in the European Commision wants Russia to

    share eurozone debt problems

    * Gazprom's average gas price four times higher of a spot

    market

    * Europe gets a quarter of its gas needs from Russia

    VLADIVOSTOK, Russia, Sept 9 (Reuters) - Russian President

    Vladimir Putin on Sunday dismissed any talk of a trade war with

    Europe over a European Commission competition investigation into

    state-controlled gas monopoly Gazprom.

    "We have very warm, constructive relations. It is not a

    trade war," Putin told reporters after an Asia-Pacific Economic

    Cooperation (APEC) summit in the Russian port city of

    Vladivostok.

    The European Union's executive Commission opened the

    inquiry on Tuesday into suspicions that Gazprom, which is more

    than 50 percent owned by the Russian state, is hindering the

    free flow of gas across the EU and mistreating its customers by

    linking the cost of gas to oil prices.

    However, Putin linked the recent investigation to European

    debt crisis, blaming some of the European Commision officials in

    desire to shift internal problems to Russia.

    "Primarily, it (the probe) stems from the tough economic

    situation in the euro zone as we are talking here mainly about

    Eastern European countries. The European Union is largely

    subsidising Eastern European economies," Putin said.

    "It seems that now someone in the European Commision decided

    that we should share a part of this burden ... But this approach

    is not constructive."

    Europe buys around a quarter of its gas from Gazprom,

    Russia's export monopoly, typically under long-term contracts

    whose prices are mainly tied to the price of oil and only a

    small element linked to cheaper 'spot' gas prices.

    Gazprom's average Europe sale price is expected at $405-$415

    per 1,000 cubic metres in 2012 - or around four times the

    average spot price on the U.S. natural gas market, where booming

    shale gas production has created a major supply glut.

    Gazprom has said it was armed with legal and political

    reasons to respond to the investigation but, reflecting its

    reliance on the European market for around half of its revenues,

    has refrained from any action that might disrupt gas supplies.