Russia Cuts Off Gas to Poland and Bulgaria

"The same should be done with regard to other countries that are unfriendly to us," said Vyacheslav Volodin, speaker of the Duma.

On Wednesday 27th April 2022 Russian state-owned company Gazprom has cut off gas from two NATO nations Poland and Bulgaria after they failed to Pay in Russian Ruples: the measure was put in place in order to soften the effect of Western sanctions after its invasion of Ukraine. Russia threatens to cut off gas from more NATO countries in retaliation to the West’s backing of Ukraine.

European Union leaders have expressed great concern with Russia’s actions and have called out Russia’s actions as blackmail. If Russia continues to cut off gas from NATO countries - many of which are in the European Union - then Europe could experience a sharp recession; which would potentially cause chaos for the European Union.

Germany has expressed its concern as roughly 45% of its gas comes from Russia; tensions have ensued between Germany and the European Union with regards to the application of sanctions on Russia.

On Monday European Union Energy Ministers will hold a meeting to discuss the escalating situation: which could potentially escalate into a third world war. Despite Russia's demand that “unfriendly nations'' pay in Russian Pulpes, EU Energy Commissioner Kadri Simson has advised the E.U. countries continue to meet the requirements of their contracts and continue to pay in euros; not Ruples.

Gazprom supplies Europe with roughly 40% of its gas and Germany’s gas comes through Poland and Bulgaria. Gazprom has said that if any gas is illegally siphoned off, then it would also get cut. Demand for gas has surged due to supply chain disruption caused by the coronavirus pandemic and global lockdowns which have affected trade routes across the globe.

According to Analysts at Goldman Sachs: “Today’s events can work as an added incentive for the EU, especially Germany, to find a way to work out a rouble payment mechanism given the significant economic toll a halt in gas flows would have in the region.”

The Kremlin’s measures have already prompted ten European companies to open accounts with Gazprombank in order to pay energy bills in Roubles - four have already paid in Roubles. However, many other companies are still awaiting further direction from the European Commission, but time has been running out.

Day after day, the global political and economic situation is deteriorating in the world, and the warning signs of a coming economic recession are increasing. More countries may be cut off from Russia’s gas supply, and Europe cannot make up a shortfall, if the worst comes to the worst. The United States has criticized Europe for its dependence on Russian gas, and has offered liquified natural gas as an alternative, but this will not be enough.

"The same should be done with regard to other countries that are unfriendly to us," said Vyacheslav Volodin, speaker of the Duma.

Merceds-Benz said that its production would be hit severely if Russia were to cut off its natural gas supply to Germany, and Bulgaria; which depends on Russia for 90% of its natural gas, has said that it will not be renewing its contract with Gazprom. Poland relies on Gazprom fr roughly 50% of its gas and has long called for the European Union to end its dependence on Russian gas.