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Russia has placed a moratorium on national gas supplies provided by pipeline to Poland and Bulgaria. The halting of gas supplies could signal that Germany ÔÇô a major purchaser of Russian gas ÔÇô could face a similar embargo. European natural gas prices increased to 28 % on 26th April, and the EuroÔÇÖs value fell to its lowest point against the dollar in five years.

The official reason for cutting off  gas is said to be a refusal by Poland and Bulgaria to pay in rubles, a new requirement Russia announced in March 2022, despite the fact that its foreign contracts generally call for payment in dollars or euros.

Posted 
Jun 13, 2022
 in 
CHP
 category
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