All because of the refusal to pay for fuel in rubles.
The Russian Federation will stop exporting gas to Poland and Bulgaria by the end of this month. Despite the current agreements, Russian suppliers have announced that they will stop cooperating with buyer countries on April 27.
Polish state oil and gas company PGNiG has published a statement on its website stating that on April 26, the Russian monopolist Gazprom sent an official letter announcing the cessation of gas supplies to Poland due to a refusal to pay for fuel in rubles. Representatives of PGNiG consider this act as a violation of the current contract, which is valid until the end of 2022.
According to Nova, a similar message was sent to the Bulgarian Ministry of Energy. It was also announced that Russia will stop exporting gas to the country on April 27. However, the Bulgarian government stressed that it was preparing for a similar scenario and worked out in advance mechanisms for alternative sources of fuel supply.
Read also: The ruble will begin to depreciate next week
At the end of March, the President of Russia Vladimir Putin has signed a decree on the transfer of payment for gas exports in rubles, despite existing contracts in euros and dollars.
The issue of restricting energy exports from the Russian Federation is actively discussed in the EU, and there is no unanimity as to what decision to make yet. Will a clause on a full embargo on Russian gas be approved in the next Western sanctions package? Why has Europe become dependent on Russia? About this and more in Mikhail Gonchar's article “Europe in Russia's Energy Trap: How to Overcome Dependence?”
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