Russia cuts off natural gas to Poland and Bulgaria
Making good on its promise, Russia has shut off natural gas to Poland and Bulgaria for not paying in roubles, a clear sign of economic escalation towards the EU over the war in Ukraine.

TCS Wire

April 27, 2022

Making good on its promise, Russia has shut off natural gas to Poland and Bulgaria for not paying in roubles, a clear sign of economic escalation towards the EU over the war in Ukraine.

“Gazprom has completely suspended gas supplies to Bulgargaz (Bulgaria) and PGNiG (PGN.WA) (Poland) due to [the] absence of payments in roubles,” Russian state-controlled gas company Gazprom said in a statement.

Russian President Vladimir Putin previously announced his plan to make the EU pay in roubles in March after the US and several EU countries began providing financial and military aid to Ukraine and sanctioning Russia.

“In order to purchase Russian natural gas, they must open rouble accounts in Russian banks. It is from these accounts that payments will be made for gas delivered starting from tomorrow,” Putin said at the time.

“If such payments are not made, we will consider this a default on the part of buyers, with all the ensuing consequences. Nobody sells us anything for free, and we are not going to do charity either – that is, existing contracts will be stopped.”

Economically, Putin’s retaliation seems to be working, as sanctions had previously decimated the Rouble, but now it’s bounced back to pre-war levels as more become willing to trade with Russian currency.

For their part, those at the EU said Russia’s actions are tantamount to blackmail, despite the mass sanctioning of Russia since the conflict began.

“The announcement by Gazprom that it is unilaterally stopping delivery of gas to customers in Europe is yet another attempt by Russia to use gas as an instrument of blackmail. This is unjustified and unacceptable,” European Commission President Ursula von der Leyen said in a statement.

While many EU countries are digging their heels in, refusing to abide by Putin’s new rouble rules, countries like Germany and Austria — which decimated their energy industries by shutting down nuclear power plants over climate change — aren’t in a strong bargaining position.

Share this story

Help Keep your News Free

Share this story

It's crucial we stay in touch

Big Tech wants to censor us, that’s why you need to stay in touch.

YOU MIGHT ALSO LIKE THESE...

Trending News

Germany has just introduced a new tax on flying with the hopes of pricing poor people out of travelling to reduce their carbon footprint.

Keean Bexte

May 6, 2024

Trending News

“It is bad enough that the President of the Commission is corrupt, but a Parliament that covers up this corruption is just as corrupt,” German MEP Christine Anderson said before her mic was cut.

TCS Wire

April 23, 2024

Trending News

Russia has officially added the “international LGBT movement” to a list of terrorist and/or extremist organizations alongside organizations such as ISIS.

TCS Wire

March 27, 2024

Trending News

British farmers have formed a massive convoy and taken to the streets, storming the gates of Westminster, London, and protesting before parliament.

Keean Bexte

March 25, 2024

Trending News

Liberal MP goes off script, blames own party on “political games.”

Mike Campbell

March 21, 2024

Trending News

Polish farmers say enough is enough.

Mike Campbell

March 20, 2024

We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services. You consent to our cookies if you continue to use our website.