close
Wednesday, April 27, 2022

Russia cuts gas deliveries to Bulgaria, Poland

Bulgaria and Poland said Russia was halting delivery of natural gas supplies, marking a major escalation in the face-off between Moscow and Europe.

• April 27, 2022
Russian President, Vladimir Putin
Russian President, Vladimir Putin

Bulgaria and Poland said Russia was halting delivery of natural gas supplies, marking a major escalation in the face-off between Moscow and Europe over the war in Ukraine.

The Bulgarian Energy Ministry said late Tuesday that the Bulgarian natural gas supply company Bulgargaz had received a notification of the gas cut from Russia’s state-backed energy giant Gazprom.

Bulgaria has taken steps towards alternative gas supplies, said the ministry, adding that no limits on gas consumption were necessary for the time being.

The government had “fully complied” with its obligations and made all payments “on time and strictly” as required by the current contract, the ministry statement said.

Energy Minister Alexander Nikolov said he would comment on the supply stop on Wednesday.

Prime Minister Kiril Petkov had earlier announced that a Bulgarian government delegation would travel to Kyiv on Wednesday.

The Polish natural gas company PGNiG said Tuesday afternoon that Gazprom was stopping gas flows as of Wednesday morning because Warsaw refused a demand by Moscow to pay for its supplies in roubles.

Polish officials said the country has been preparing for such a scenario and that gas storage facilities are currently 76 per cent full, compared to 39 per cent a year ago.

Russian President Vladimir Putin had announced in mid-March that in future, he would only sell Russian gas to “unfriendly” states in exchange for roubles.

Mr Putin justified his rouble initiative because “in violation of the norms of international law, the foreign exchange reserves of the Bank of Russia were frozen by the member states of the European Union (EU).”

The group of G7 economic powers and the European Union have rejected payments in roubles and accused Russia of breach of contract.

Despite a slew of Western sanctions on Russia following its ongoing invasion of Ukraine, oil and gas exports remain untouched because many European countries rely heavily on Russian fuel.

But the other sanctions are punishing Russia’s economy, and Mr Putin’s demand that payments come in roubles is seen as an attempt to prop up the local currency. 

(dpa/NAN)

More from Peoples Gazette

Economy

Buhari regime will continue to borrow without subsidy removal: Femi Adesina

“You know how much could have been saved if the subsidy was removed and how it could have been diverted to other areas and spheres of national life.

First Bank

Hot news Home top

Reps query First Bank over Customs’ N94 billion revenue

The House of Representatives has queried the management of First Bank of Nigeria over NCS’ N94.345 billion revenue.

Minister of Trade and Investment

Economy

Reps summon trade ministry officials over N2.6 trillion tax evasion

The House of Representatives has summoned officials of the Ministry of Trade and Investment over alleged N2.6 trillion capital allowances.

Dapo Abiodun

Anti-Corruption

I was arrested for fraud in U.S., but APC cannot disqualify me in 2023: Dapo Abiodun

Mr Abiodun, with jail number 8600B9436, had filed an application for a redaction of his criminal records in Miami Dade, Florida.

Buhari, Tinubu, Osinbajo

Politics

I served Tinubu, Buhari; I should be next president: Osinbajo

“Sometimes, I was the only one standing with them; I cannot go into details for confidentiality reasons, but that is the truth.”

Vice President Yemi Osinbajo and the Alake of Egbaland, Oba Adedotun Gbadebo

Politics

Osinbajo served others; time for him to rule Nigeria: Alake

Oba Adedotun Gbadebo says Vice President Yemi Osinbajo has paid his dues and deserves to be elected Nigeria’s president in 2023.

VAR SHOWING 'NO GOAL'

Sport

Use former players for VAR: Lothar Matthäus

Former Germany captain Lothar Matthäus believes former players should be brought in to help Video Assistant Referees (VAR)