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The suspension of supplies to Poland and Bulgaria by Russian Gazprom has had an immediate impact on the price of gas in Europe, causing it to rise by 20% overnight.
Moscow justified the suspension of exports to these two countries by their refusal to pay in rubles. Shortly afterwards, European reference prices rose to 121 euros, to reach their highest level, almost seven times more than a year ago. Poland and Bulgaria are the first EU members to cut off gas supplies from the main European supplier since the Kremlin launched military aggression in Ukraine on February 24th.
Russian gas accounts for about 40 percent of EU imports. European Commission President Ursula von der Leyen said a solution to the situation would be found and that Poland and Bulgaria were receiving gas from their EU neighbors.
In a statement, von der Leyen called the gas suspension “another provocation by the Kremlin” and accused Moscow of using the gas to “blackmail” the bloc. Ukrainian President Volodymyr Zelensky stated that Moscow is using as a weapon not only gas, but trade in general.
Zelensky: The sooner Europe recognizes that it is unacceptable to depend on Russia for trade, the sooner it will be possible to guarantee stability in European markets. The decision to cut off gas supplies to Poland and Bulgaria is another argument in favor of the fact that no one in Europe can hope for normal economic co-operation with Russia.
Last month, Russian President Vladimir Putin ordered European countries targeted as “enemies” to pay for gas in rubles.
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