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Russia to Cut Gas to Poland, Bulgaria Until Pay Demands Met
Posted
April 27, 2022
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1:53Now PlayingRussia halted gas flows to Poland and Bulgaria in a major escalation, and said it will keep supplies switched off until the two countries agree to Moscow’s demands to pay for the fuel in rubles.
European gas prices surged 20% on Russia’s sudden move to turn its vast energy resources into a weapon against Ukraine’s allies. But prices later eased as it emerged that some European companies have taken steps to accede to Moscow’s demands, reducing the risk of a broader cutoff.
The European Union has yet to respond -- beyond calling Moscow’s move “blackmail” and holding a meeting -- and there’s been no action from Germany, the country most dependent on Russian gas. Last week the bloc left the door open to a possible compromise, but the move to close the taps on EU members Poland and Bulgaria probably makes a fix less politically palatable.
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