Russia starting to turn off Europe's gas?

 Epoch Times:

Kremlin Says Britain Won’t Get Any Russian Gas Due to Sanctions

Russia is making similar threats against Germany if that country does not pay in Rubles. 

The ISW reports:

Ongoing European efforts to find alternatives to Russian energy likely successfully undercut a Kremlin attempt to buttress the Russian economy by coercing Europe into only buying Russian gas in rubles. Deputy Chairman of the Russian Security Council Dmitri Medvedev stated on March 30 that sanctions against Russia may leave EU countries without gas, an implicit threat to cut off Russian energy exports to Europe.[15] Russian President Vladimir Putin decreed on March 31 that “unfriendly countries” purchasing Russian gas must have Russian bank accounts and pay in rubles.[16] The United Kingdom, France, Germany, and Japan separately announced on March 31 and April 1 that they would not meet the Kremlin's demand to pay for gas in rubles, in effect calling the Kremlin's bluff.[17] Kremlin spokesperson Dmitri Peskov backtracked on April 1 that Russia will indefinitely delay implementing Putin‘s decree, claiming the procedure would be “a long and time-consuming process.”[18] Ongoing efforts by European and other states to reduce their reliance on Russian energy and preparations to ration existing energy reserves likely enabled them to refuse the Kremlin’s demand.[19]

Comments

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

29 % of companies say they are unlikely to keep insurance after Obamacare

Is the F-35 obsolete?