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LIVE: Bloomberg Quicktake Latest News for April 27
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April 27, 2022
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Now Playing(Apr. 27) Russia said it stopped natural gas flows to Poland and Bulgaria, making good on a threat to cut off buyers if they refuse Russian President Vladimir Putin’s demand to pay in rubles. Some European companies have already bowed to the ultimatum, which the European Commission warned would breach sanctions.
European gas prices surged more than 20% on the move before settling back. The European Union said its gas coordination group was meeting to chart a joint response to Russia’s decision to use gas supplies as “blackmail.”
Shenzhen-based drone-maker DJI, the world’s largest producer of unmanned aerial vehicles, halted all business activities in Russia and Ukraine, becoming the highest-profile Chinese company to withdraw from the war-torn region.
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