Just thank our lucky stars we don't buy any oil from Russia. Russia is Europe's largest provider of oil, coal and natural gas! Putin just lowered imports by 60%! The results are telling.
Russia can straggle hold Europe over coal, natural gas and oil exports. The Russia economy will be strengthened by higher oil prices and the Europeans will eventually bend over!
Make no mistake, if we go against Mother Russia we will be doing it on our own!
Russia can straggle hold Europe over coal, natural gas and oil exports. The Russia economy will be strengthened by higher oil prices and the Europeans will eventually bend over!
Make no mistake, if we go against Mother Russia we will be doing it on our own!
Europe plunged into energy crisis as Russia cuts off gas supply via Ukraine Mail Online
Russia cut gas exports to Europe by 60 per cent today, plunging the continent into an energy crisis 'within hours' as a dispute with Ukraine escalated.
This morning, gas companies in Ukraine said that Russia had completely cut off their supply.
Six countries reported a complete shut-off of Russian gas shipped via Ukraine today, in a sharp escalation of a struggle over energy that threatens Europe as winter sets in.
Bulgaria, Greece, Macedonia, Romania, Croatia and Turkey all reported a halt in gas shipments from Russia through Ukraine.
Croatia said it was temporarily reducing supplies to industrial customers while Bulgaria said it had enough gas for only 'for a few days' and was in a 'crisis situation'
'Without prior warning and in clear contradiction with the reassurances given by the highest Russian and Ukrainian authorities to the European Union, gas supplies to some EU member states have been substantially cut,' the EU said in a statement.
'The Czech EU Presidency and the European Commission demand that gas supplies be restored immediately to the EU and that the two parties resume negotiations at once with a view to a definitive settlement of their bilateral commercial dispute,' the presidency and the Commission said in a joint statement.
Around 80 per cent of the gas European Union countries receive from Russia comes through Ukraine.
While Germany and France are much more exposed, it is reckoned in some estimates that 15 per cent of Britain's supplies come from Russia through pipelines into the UK's east coast.
'They [the Russians] have reduced deliveries to 92million cubic metres per 24 hours compared to the promised 221million cubic metres without explanation,' said Valentin Zemlyansky of the Ukrainian gas company Naftogaz.
'We do not understand how we will deliver gas to Europe. This means that in a few hours problems with supplies to Europe will begin.'