
Russia Halts Gas Exports to Poland and Bulgaria
For refusal to pay in rubles
The Russian Presidential Decree that outlines a new payment method for Russian exports to be paid in rubles is now in effect according to the Kremlin spokesman Dmitry Peskov on Tuesday.
“All the contacts with buyers of gas have been made via Gazprom, so it will publish information on the results of the talks,” Kremlin spokesman Dmitry Peskov told reporters at the Kremlin.
In March, President Putin signed a decree demanding “unfriendly countries” pay for their gas supplies in rubles by opening accounts in GazpromBank where euro and dollars will be converted to rubles. Failure to comply will lead to no gas. Germany the leading EU economy has already agreed to pay in rubles.
On Wednesday Gazprom confirmed that gas supplies to Poland and Bulgaria has been halted due to their refusal to implement the new payment procedure. Benchmark Dutch futures soared as much as 24% to 127.50 euros per megawatt-hour, the highest level since April 1. They traded 13% higher at 8 a.m. in London.

Poland and Bulgaria both transit countries for Russian gas were also warned about siphoning gas meant for other destinations. If that happens then the company will reduce transit flows to other EU countries. Polish authorities have assured consumers that there is enough supply as winter is over and Bulgarian Energy Minister Alexander Nikolov told reporters in Sofia. “Bulgaria has secured supplies for a month.”
“It’s clear that at the moment the natural gas is used more as a political and economic weapon in the current war, and not in the context of legal-commercial relations,” Nikolov said.
This will be the third disruption in gas supply to western Europe after disruptions in 2006 and 2009 due to a price disagreement between Russia and Ukraine. .
Source Gasprom/Twitter/ Kremlin Press office
About Post Author
felastory
Share this:
- Click to print (Opens in new window)
- Click to share on LinkedIn (Opens in new window)
- Click to share on Reddit (Opens in new window)
- Click to share on Tumblr (Opens in new window)
- Click to share on Pinterest (Opens in new window)
- Click to share on Pocket (Opens in new window)
- Click to share on Telegram (Opens in new window)
- Click to share on WhatsApp (Opens in new window)
- Click to share on Skype (Opens in new window)
- Click to email this to a friend (Opens in new window)
More Stories
Nigerian US Monkeypox Programme
Russia calls on World Health Organisation to investigate US bio labs in Nigeria Russian Armed Forces Chief of Radiation,Chemical and...
Containing China
US unveils its China policy after 17 months The 2020s is a decisive decade The United States has finally unveiled...
Food Talks
Russian and Italian leaders discuss ways to end global food crisis Russian Navy to escort foreign ships in the Black...
The Uvalde Conspiracies
Latest mass shooting in America spawns conspiracy theories On May 24, 2022 an 18 year old Hispanic American called Salvador...
Russia Salutes Africa
Russian President Vladimir Putin sends greetings on Africa Day President Vladimir Putin of Russia has sent warm greetings to African...
Russian Passports
Russia approves citizenship for 2 Ukrainian regions President Vladimir Putin of Russia signed a decree allowing residents of the Zaporozhye...
Average Rating