Europe is preparing to be cut off from Russian natural gas ...Middle East

Quartz - Economy
Europe is preparing to be cut off from Russian natural gas
source : Quartz ( Middle East ) () 6
Russian president Vladimir Putin escalated a threat to cut off gas exports to “unfriendly countries” today (March 31). He signed a decree requiring foreign buyers to pay for Russian gas in rubles by tomorrow, or else face consequences.“Nobody sells us anything for free, and we are not going to do charity either—that is, existing contracts will be stopped,” Putin said. The Russian economy has been decimated by Western sanctions imposed over its invasion of Ukraine, with the stock market closing for several weeks and the value of the ruble hitting record lows.Europe, which imports 40% of its natural gas from Russia, is preparing for potential shortages should Putin make good on his threat.Read

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