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Russia halted gas supplies to Poland and Bulgaria after countries refused to pay in rubles

  • Russia escalates a gas dispute and shuts off supplies to Poland and Bulgaria.
  • Deliveries to both countries are now scheduled to end on April 27, after they refused to pay in rubles.
  • Russia issued an ultimatum in March calling for “unfriendly” nations to pay for energy supplies in rubles.
  • For more stories go to www.BusinessInsider.co.za.

Russia said it would shut off gas supplies to both Poland and Bulgaria on Wednesday after both countries refused to pay for energy supplies in rubles.

Poland’s national gas company, PGNiG, said in a announcement that it was announced by the Russian energy company Gazprom on April 26 that deliveries of gas supplies running through the Yamal pipeline would be completely suspended unless payment came in rubles.

“Companies are monitoring the situation and are prepared for different scenarios,” PGNiG wrote in its statement, adding that it was working to find alternative gas suppliers and that its fuel reserves were adequately replenished.

According to CNBCPoland receives about 9 billion cubic meters of Russian gas through the Yamal pipeline each year.

Polish Prime Minister Mateusz Morawiecki told the press on Tuesday that the Kremlin could “punish Poland” for resisting its invasion of Ukraine. Bloomberg. Cutting supplies too coincides with additional sanctions from Poland on Russian oligarchs and organizations – including Gazprom.

Meanwhile, Poland’s Minister for the Environment and Climate tweeted Tuesday that Polish citizens should not expect an interruption in their energy supply.

“Poland has the necessary gas reserves and sources of supply to protect our security – we have in fact been independent of Russia for years,” Moscow tweeted. “Our warehouses are 76% full. There will be no shortage of gas in Polish homes.”

Gazprom also informed the Bulgarian Ministry of Energy that its energy supplies would be cut off. According to CNNsaid its energy ministry said the Bulgarians did not ration gas in response to Russia’s move, and have taken steps to find other sources of natural gas.

Bulgarian Ministry of Energy added that it had “fully complied with its obligations and made all payments required under this contract in a timely, careful manner and in accordance with its provisions.”

NPR reported, however, that Bulgaria is dependent on Russia for 90% of its gas resources.

According to CNN, both Poland and Bulgaria have refused to comply Russian leader Vladimir Putin demanded in March that “unfriendly” countries pay for their energy in rubles.

Putin has demanded payment in rubles in an apparent push to strengthen the currency.

BBC reported that the EU is dependent on Russia for about 40% of its natural gas needs. Some countries like Germany are preparing to ration their natural gas supply if Russia continues to insist on ruble payments. Meanwhile, Hungary’s authoritarian leader, Putin’s ally Viktor Orbán has broken with the EUand said he would pay for Russian gas in rubles – despite being a member of NATO.

It has the United States on its side totally banned Russian coal, gas and oil imports.



Russia halted gas supplies to Poland and Bulgaria after countries refused to pay in rubles

Source link Russia halted gas supplies to Poland and Bulgaria after countries refused to pay in rubles

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