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Poland, Bulgaria Get Gas From EU Neighbors After Russia Stops -By ASC

Russia has announced gas cuts to both Poland and Bulgaria after not accepting payments in rubles.

Brussels:

Poland and Bulgaria are now receiving gas from their EU neighbors after Russian state energy giant Gazprom closed the pipes, European Commission chief Ursula von der Leyen said on Wednesday.

“We will ensure that Gazprom’s decision has the least impact on European consumers,” von der Leyen said.

“Today, the Kremlin has failed once again in its attempt to sow discord among member states. The era of Russian fossil fuels in Europe is coming to an end.”

Gazprom has announced gas cuts to both heavily dependent Poland and Bulgaria after not receiving payments in rubles from two EU members.

President Vladimir Putin said last month that Russia would no longer accept payments in currencies other than the ruble in response to Western economic sanctions against Moscow over its aggression on Ukraine.

Von der Leyen warned EU importers that, unless supply contracts were denominated in rubles, surrendering to Kremlin demands and paying in rubles would violate restrictions.

“This would be a violation of restrictions, so the risk is high for the company,” he said.

He said that “about 97 percent” of all EU contracts explicitly stipulate payments in euros or dollars.

Officials said energy ministers from across the bloc would meet on Monday to discuss the situation.

(Except for the headline, this story has not been edited by AGRASMARTCITY staff and is published from a syndicated feed.)

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