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UKRAINE/ENERGY: How reliant is Europe on Russian energy - Analysis

UKRAINE/ENERGY: How reliant is Europe on Russian energy - Analysis
Posted By GEO´ Newsteam - Gibraltar. 
Analysis By Iain Fraser - Consultant Geopolitical Editor - Malaga City

Russia accused of blackmailing European nations as it cuts off gas to Poland and Bulgaria

Russia has terminated Gas supplies to both Poland and Bulgaria after the countries refused to open Ruble accounts with state owned Gazprom after Moscow announced that all future payments for Gas must be paid for in Rubles as the far-reaching global sanctions took hold of the Russian economy.

Russia using gas and trade as a weapon - Zelensky

It is believed that four European gas buyers have already paid for supplies in rubles as President Vladimir Putin demanded and sources confirm that ten European companies have already opened Ruble accounts with Gazprombank as demanded in the Kremlin´s new terms of business. 

Even if the other buyers reject the Kremlin’s terms more energy terminations are unlikely until the second half of May when the next payments are due according to energy analysts. Learn More - Register Free to receive our full analysis direct to your inbox or smart device. 


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