European leaders are bucking Russian strongman Vladimir Putin’s demand that the European Union and United States pay for Russian natural gas in rubles.
German Chancellor Olaf Scholz rejected the request and noted that it would represent a breach of existing contracts between the two powers. Europe depends on Russia for approximately one-quarter of its oil imports and 40% of its natural gas, and Putin was undoubtedly trying to use the dependency to shore up the falling ruble.
“My view is that we pay in euros because paying in rubles would be a way to avoid sanctions, so I think we keep paying in euros,” said Giavazzi. Since the war began, Russia has raised the notion of stopping natural gas from flowing into Europe, a development that would have major ripple effects across the global economy and energy markets.
“We have every right to take a matching decision and impose an embargo on gas pumping through the Nord Stream 1 gas pipeline,” Novak warned.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Russia being pushed to 'collapse' by West, Vladimir Putin aide fearsThe Russian president's aide Vladimir Medinsky warned that the 'very existence' of Russia was at stake.
Lire la suite »
Vladimir Putin Defends JK Rowling & Claims West Is “Trying To Cancel” RussiaRussian premier Vladimir Putin has delivered a TV address in which he claimed the West is “trying to cancel” his country. During a deranged-sounding rant, translated and broadcast by Sky News, Puti…
Lire la suite »
Why Europe Cannot Afford To Cut Off Russian Energy For NowThe U.S. and other countries will increase exports of liquified natural gas to Europe, but the continent can't quit its reliance on Russian supplies overnight.
Lire la suite »
Russia-Ukraine war: Zelenskyy calls for Ukrainians to maintain resistance to Russian forcesDuring his nightly video address to his people, President Volodymyr Zelenskyy said late Thursday that, “With every day of our defense, we are getting closer to the peace that we need so much. We are getting closer to victory.”
Lire la suite »
EU and US strike LNG deal as Europe seeks to cut Russian gas – ReutersEuropean Commission President Ursula von der Leyen said, “US LNG will replace that of Russia's,” after striking an LNG deal with the US on Friday. 'Eu
Lire la suite »
U.S. to boost natural gas deliveries to help wean Europe off Russian energy'I know eliminating Russian gas will have costs for Europe,' Biden said as he announced a boost in shipments from the U.S., 'but it's the right thing to do.'
Lire la suite »