‘No Rubles, No Energy’ – Russia Cuts Off Gas Supply to Poland and Bulgaria

ER Editor: We’re adding another map for clarity. Poland lies along the Yamal pipeline, which goes into Germany. Bulgaria, in the region of Greece and Turkey, depends on the Turkstream pipeline, which goes into southern Italy. We’re not sure to what extent Germany will be affected by this, as Germany has other pipeline options.

However, NordStream 2, that Germany had pressured Russia into building, was refused licensing on the German side for purely political reasons. So cheap (cheaper than US LNG) gas could be flowing through Europe right now. But it’s not because of the US-directed idiots in charge.

The report below affirms, just as Alexander Mercouris has in this article (Russian Economy Stabilises While EU Faces Massive Contraction [VIDEO]), that the EU ‘leaders’ simply don’t know what to do, that they’re in above their heads.

We’re not sure of the precise mechanism by which Poland and Belarus are unwilling to pay in rubles. Putin had made it fairly simple for countries to do this: they would pay in euros or dollars first, then Gazprom Bank would transfer the money into a rubles account. Why did he do this? Because as part of the sanctions against Russia (enabling them to seize and keep billions in Russian assets, which the US actually did), accounts in euros and dollars could be frozen. So Europe could conceivably take the gas, pay in euros, then freeze euro / dollar accounts, essentially getting the gas for free.


‘No Rubles, No Energy’ – Russia Cuts Off Gas Supply to Poland and Bulgaria

The day has come when European countries finally realised that Russia was not bluffing. It seems that few have any idea what the economic ripple effects will be from what is a completely avoidable situation. 

Today, Russia’s state energy giant Gazprom announced that it has cut off natural gas supplies to EU member states Poland and Bulgaria – after both countries failed to make payments in Russian rubles, as opposed to euros or US dollars.

It seems that the two countries did not take Russia’s previous warnings seriously enough, and now find themselves in a perilous situation – of energy deficit – a predicament which will have devastating consequences for their economies, and for the wider European Union economy.

While European countries were given a long warning long period by Moscow about what would happen if they failed to pay for their gas, western politicians and mainstream media are now trying to shift the blame by framing this latest impasse as a result of Russia “dramatically escalating its response to Western sanctions imposed on Moscow over the war in Ukraine.”

Polish energy firm PGNiG stated that it had been informed by Gazprom that all gas deliveries through the Yamal pipeline will be suspended as of Wednesday morning.

In response, Bulgaria’s energy ministry issued a bizarre statement, saying that paying in rubles was unacceptable and somehow posed “significant risks” to Bulgaria. No clarification was given as to what that risk actually was.

Russia has also announced that it will continue to cut off more gas buyers that don’t pay in rubles,

As a result of the recent disruption caused by European sanctions against Russian energy and banks, European gas prices are up 24%, while the ruble has now reached a two-year high against the struggling euro.

In a statement made Wednesday, Gazprom said that it had fully halted supplies to the Polish gas carrier PGNiG, and also to Bulgaria’s Bulgargaz,  after they refused to pay for their energy according to the terms of trade.

For the last month, Moscow has stated repeatedly that it wasn’t in a position to supply Europe with free energy should EU countries decide to stop paying for their natural gas.

The European Commission have described Russia’s announcement to halt supplies as “blackmail,” and quite bizarrely, are planning to respond to Moscow’s request for payments by having the EU levy even more sanctions against Russian institutions and interests.

A bewildered European Commission President Ursula von der Leyen remained in denial as to the reality of the situation, as evidenced by her bizarre ‘solidarity’ statement: “Europeans can trust that we stand united and in full solidarity with the member states impacted in the face of this new challenge. Europeans can count on our full support.”

Presently, tens of millions residents across the EU and UK are now facing the inevitable reality of fuel poverty – as a direct result of their governments’ policy decision to sanction Russia over the conflict in Ukraine.



READ MORE UKRAINE NEWS AT: 21st Century Wire Ukraine Files

Published to The Liberty Beacon from EuropeReloaded.com


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