Connect with us

Breaking News

Russia’s Gazprom Cuts Off Gas Supply To Poland, Bulgaria



The gas valve that says in Russian do Not open | Russia’s Gazprom Cuts Off Gas Supply To Poland, Bulgaria | featured

Gazprom, Russia’s state-controlled gas company, cut off Poland and Bulgaria from its natural gas supply. The Kremlin warned other European countries that they can face the same situation.   

As a result, tensions between Russia and the European Union rose again to concerning levels.

RELATED: India and China Are Buying Discounted Russian Oil

Gazprom Cuts Off Gas Supply

Construction of a pipeline owned by the Russian company Gazprom in Germany | Gazprom Cuts Off Gas Supply 

On Wednesday, Gazprom decided to cut off both Poland and Bulgaria from the company’s enormous gas supply exports. Fortunately, both countries managed to secure enough natural gas supplies from other EU countries to keep their light on.

However, the EU is already worrying about how the group can manage to survive without Russia's oil and gas. While the EU can find another source for its energy needs, a new supplier likely means higher prices amid lower supplies.  

Russia’s decision to cut off Poland and Bulgaria’s gas supply is a warning sign. This is the first time that Russia made good on its threat to punish “unfriendly countries”.

Earlier, Putin demanded that these countries pay for natural gas orders using Russian currency. His decision aims to help stabilize the Russian economy amid sanctions from the rest of the world. 

Russia Warns Others to Not Interfere In Its Conflict With Ukraine

In a speech to Russia’s Council of Legislators, Putin warned other nations not to interfere in its war with Ukraine. Observers cautioned that Russia will escalate the tension in eastern Ukraine in the next few weeks.

Putin also warned that if Russia perceives a strategic threat, it will unleash lightning-fast counterstrikes.  Meanwhile, Ukraine officials are scrambling to evacuate residents across the Donbas region. 

While Putin did not specifically threaten Ukraine with nuclear weapons, experts advise against ignoring the possibility. The potential for a nuclear strike remains possible, especially if Russian military options grow fewer.

“We have all the tools for this,” Putin said. “Those that no one else right now can boast of having. And we will not brag about them. We will use them if necessary. I want everyone to know that.”

EU Needs New Gas Supply

Russia’s initial salvo of cutting off the gas supply of an EU member puts the Union in a bind. Europe is heavily dependent on Russian oil and gas to heat their homes and power their vehicles.

This is why despite the need for economic sanctions against Russia, many members prefer not to ban oil and gas imports. 

Faced with the prospect of losing an energy supplier, EU officials are now trying to figure out how to move on from Russian fuel. However, the damage is already done as far as relationships between Russia and the EU are concerned.  

Why Poland and Bulgaria?

According to Reuters, Russia picked Poland and Bulgaria because of their refusal to pay their gas orders with Russian rubles.

Russia’s sudden preference for its own currency was met by criticism from EU President Ursula von der Leyen.

She said that paying in rubles violates EU sanctions. She also warned that companies still doing business with Russia shouldn’t accede to its demands. 

Watch the Bloomberg Markets and Finance news video reporting that Gazprom cuts off gas supplies to Poland, Bulgaria:

Do you support Russia’s decision to cut off the gas supplies of both Poland and Bulgaria?

View Results

Loading ... Loading ...

What do you think of Russia’s cutting off Poland and Bulgaria’s gas supplies over their refusal to pay in rubles? Who do you think will blink in this game of international chicken?

Tell us what you think about the ongoing Russian conflict. Share your thoughts in the comments section below.

Continue Reading
1 Comment

1 Comment

  • Texas Heart Breaker says:

    Let Russia cut them off.
    Thats less money in Russian pockets.
    We can make more money by supplying Poland and Bulgaria with gas and oil.

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2022 Breaking News Alerts. This copyrighted material may not be republished without express permission. The information presented here is for general educational purposes only. MATERIAL CONNECTION DISCLOSURE: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this page and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information contained in this email to evaluate the product or service being endorsed. Always exercise due diligence before purchasing any product or service. This website contains advertisements.