Europe must be “stronger” and find “alternatives” to no longer use Russian gas, Bulgarian Prime Minister Kirill Petkov said today from Ukraine. Moscow cut off gas supplies to Bulgaria and Poland yesterday. “For a few months now, we would never have thought we would be without Russian gas, but now we have alternatives,” said Kirill […]
Tag: Europe
FAZ: Natural gas as Putin’s weapon
In the case of Angela Merkel, silence is not gold according to the German press. Will it admit mistakes in its Russian policy? FAZ: Natural gas as Putin’s weapon. At a time when all officials are talking about Russia, either admitting mistakes, even personally, in their policies, such as German President Frank-Walter Steinmeier, or declaring […]
Kremlin: Arms delivery to Ukraine ‘threatens Europe’ security
The delivery of weapons to Ukraine “threatens the security” of Europe, the Kremlin assessed today after the new call of the British Foreign Secretary Liz Tras to give more heavy weapons and planes in Kyiv. “This tendency to flood Ukraine with weapons, mainly heavy weapons, is an action that threatens the security of the continent […]
European officials: EU countries will not pay for Russian gas directly in rubles
LAST UPDATE: 17:37 The EU said on Thursday that companies paying for Russian gas could avoid violating sanctions if their payments are considered complete when they have made deposits in euros or dollars, but there may be no solution if Moscow insists on using also account in rubles for the transaction, as reported by Reuters. […]
EU energy groups prepare to pay for Russian gas in rubles – FT
The energy companies from Germany, Austria, Hungary and Slovakia prepare to comply with a new payment system for Russian gas requested by the Kremlin, threatening the unity and sanctions of the European Union (EU), the Financial Times (FT) reports, citing people with knowledge of the matter. Featured Comments “Negotiations between the utilities and Gazprom, the […]
Gains in European markets despite fears of growth and energy supply
Today’s attempt by European markets to “break” the declining streak of the previous three meetings was crowned with success, despite fears about the continent’s energy supply and concerns about a slowdown in economic growth. Investors today continued to closely monitor developments on the energy front, evaluating the decision of the Russian energy giant Gazprom to […]
Four European managers have already paid for the gas in rubles
Four European gas executives have already paid in rubles, Russia has demanded, according to a source close to Russian energy giant Gazprom, citing Bloomberg. According to the same person, who spoke to the agency on condition of anonymity, a total of ten European companies have already opened the relevant Gazprombank accounts in order to meet […]
We are charting our coordinated response – von der Leyen
The President of the European Commission, Ursula von der Leyen, said on Wednesday that Gazprom’s announcement is another attempt by Russia to blackmail us with gas. Additional comments “We’re ready for this scenario”. “We’re plotting our coordinated response of the EU”. “Europeans can trust that we stand united and in solidarity with the affected Member […]
Bloomberg: What would be the consequences of a possible closure of the “tap” of Russian gas in Europe
The prospect of Europe being cut off from Russian gas supplies is beginning to be closer to reality, according to a Bloomberg News report. Time passes in the controversy over the Kremlin’s demand that its customers in Europe pay in rubles for Russian gas, on which the region depends for one-fifth of its electricity generation. […]
Commission urges European companies to continue paying in euros or dollars for Russian gas
EU companies may be able to circumvent Russia’s demand for gas payments in rubles without violating sanctions if they pay in euros or dollars, which are then converted into Russian currency, the European Commission said on Friday. reports Reuters. Companies should also seek additional terms for transactions, such as a statement stating that their contractual […]
