Print Magazine
Brussels Morning Newspaper
Friday, May 20, 2022
No Result
View All Result
  • Home
    • About Us
  • EU institutions
    • Commission
    • Parliament
    • Council
  • Europe
  • World
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Europe With Transparency
    • Sustainable Perspective
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
Brussels Morning Newspaper
  • Home
    • About Us
  • EU institutions
    • Commission
    • Parliament
    • Council
  • Europe
  • World
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Europe With Transparency
    • Sustainable Perspective
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
Brussels Morning Newspaper
No Result
View All Result
Home EU Institutions Commission

EC condemns Russian gas halt, announces coordinated response

Nikola Kiš by Nikola Kiš
27 April 2022
in Commission
shutterstock_1422091745

Panevezys/Lithuania June 11, 2019 Gazprom oil barrel. Gazprom is a large Russian company founded in 1989, which carries on the business of extraction, production, transport, and sale of natural gas.

Share on FacebookShare on Twitter

Belgium, (Brussels Morning Newspaper) The European Commission condemned Russian Gazprom energy company’s decision to stop supplying some EU member states on Wednesday.

EC President Ursula von der Leyen described Gazprom’s move as blackmail and added that the EU was preparing a coordinated response, Reuters reports.

Gazprom pointed out earlier on Wednesday that it stopped delivering natural gas to Bulgaria and Poland as the two EU member states did not pay for deliveries in roubles.

In response to EU sanctions over the war in Ukraine, Moscow announced it would demand payments for gas from unfriendly countries in roubles.

After Moscow announced its demand for rouble payments, the EC advised EU companies to continue paying for gas in line with their contracts with Gazprom and added that switching payments to roubles could violate sanctions imposed on Russia.

“The announcement by Gazprom that it is unilaterally stopping delivery of gas to customers in Europe is yet another attempt by Russia to use gas as an instrument of blackmail,” von der Leyen noted.

She added that the move is unacceptable and unjustified, “and it shows once again the unreliability of Russia as a gas supplier.”

The bloc was prepared for this according to von der Leyen, and will diversify its supplies to address the energy crunch. She stressed that EU member states must have contingency plans for energy supply shocks and added that EU gas storage is about 32% full.

EU plans response

Von der Leyen noted that representatives of the gas industry and EU national governments held a meeting earlier on Wednesday to coordinate the response to Russia’s move.

Commenting on the situation on Wednesday, Austrian Chancellor Karl Nehammer pointed out that Bulgaria and Poland refused to use Russia’s payment system.

According to Russia’s new model, buyers from unfriendly countries can pay for gas in euro or US dollar through Gazprombank, which converts the payments to roubles and pays Gazprom.

The EC noted that EU companies can use the new payment model legally if their euro deposits in Gazprombank mark the completion of their contractual obligations, rather than the subsequent conversion and payment in roubles.

According to analysts, the payment issue could further divide the EU in its approach to Russia.

Tags: Main-SliderRussian gas halt

Latest post

Ombudsman’s role strengthened to oversee maladministration in the EU

‘Revolving doors’ undermine EU’s integrity, EU Ombudsman says

12 hours ago
Berlin,Germany,Olympia,Stadium,27,Mai.2017,Fussball,Dfb-pokal,Finale,Eintracht

EP urges sanctions against former Chancellor Schröder

12 hours ago

Most Read

  • shutterstock_1821616664

    MEPs send Open Letter urging the Home Secretary Priti Patel to reject Assange’s extradition

    0 shares
    Share 0 Tweet 0
  • These are the 10 highest paying jobs in the Europe in 2022

    0 shares
    Share 0 Tweet 0
  • Why corruption matters

    0 shares
    Share 0 Tweet 0
  • Government approves route for ‘Mediatram’ from Meiser

    0 shares
    Share 0 Tweet 0
  • Sweden: Taking Syrian children away from parents for protection?

    0 shares
    Share 0 Tweet 0
Facebook Twitter Youtube LinkedIn

About Us

Brussels Morning is a daily online newspaper based in Belgium. BM publishes unique and independent coverage on international and European affairs. With a Europe-wide perspective, BM covers policies and politics of the EU, significant Member State developments, and looks at the international agenda with a European perspective.

Category

  • Ambassador’s Corner
  • Belgium News
  • Brussels
  • Commission
  • Council
  • Culture and Society
  • Diplomacy
  • Economy
  • EU Institutions
  • Europe
  • Europe With Transparency
  • Features
  • In Depth
  • Member States
  • Middle East Eye
  • Opinion
  • Our pick
  • Parliament
  • Place de la Bourse
  • Southeast Europe
  • Sustainable Perspective
  • The American Angle
  • The Macro-Economist
  • Uncategorised
  • US Elections
  • World

More info

  • About Us
  • Advertising
  • Cookies Policy
  • Contact Us
  • FAQ
  • Jobs

Brussels Morning Newspaper - All Rights Reserved © 2020

No Result
View All Result
  • Home
  • About Us
  • EU Institutions
    • Parliament
    • Commission
    • Council
  • Europe
  • World
  • Member States
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Sustainable Perspective
    • The American Angle
    • Southeast Europe
  • Print Magazine

Brussels Morning Newspaper - All Rights Reserved © 2020

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT