Europe denounces ‘gas blackmail’ as sanctions batter Russian economy

‘The sooner everyone in Europe recognizes that they cannot depend on Russia for trade, the sooner it will be possible to guarantee stability in European markets,’ Ukrainian President Volodymyr Zelenskiy says European leaders denounced Russia’s attempt to “blackmail” Ukraine’s allies over gas supplies, as Western sanctions batter the Russian economy already struggling with its worst … Read more

Europe decries ‘blackmail’ as Russia shuts off gas to Poland and Bulgaria

Russia’s Gazprom halted gas supplies to Poland and Bulgaria on Wednesday, April 27, over their failure to pay in roubles, cranking up an economic war with Europe in response to Western sanctions imposed for Moscow’s invasion of Ukraine. The state-controlled gas pipeline monopoly, which supplies Europe with about 40% of its gas needs, said transit … Read more

Russia sets deadline for rouble gas payments, Europe calls it ‘blackmail’

Russian President Vladimir Putin is demanding foreign buyers pay for Russian gas in roubles from Friday, April 1, or else have their supplies cut, a move European capitals rejected and which Berlin said amounted to “blackmail.” Putin’s move, via a decree signed on Thursday, March 31, leaves Europe facing the prospect of losing more than … Read more