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The Latest Breaking News from Bulgaria

All eyes on natural gas prices as European energy firms consider Russian demands

With Poland and Bulgaria cut off from Russian gas, major European energy firms are reportedly considering compliance with Moscow's demand to be paid in roubles. Over in the US, Archegos Capital's Bill Hwang pleads not guilty to fraud. Finally, amid a shortage of sunflower oil due to the Russian invasion…

France 24

Poland says countries paying for Russian gas in roubles should be penalised

The European Union should penalise countries that use roubles to pay for Russian gas, Poland's climate minister said, following Moscow's decision to cut off supplies to Poland and Bulgaria over their refusal to do so.

Reuters

Germany’s Uniper to pay for Russian gas via Russia bank account

This offers some countries a loophole to keep buying Russian gas against Western currencies.

Al Jazeera

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European leaders blast cutoff of Russian gas as ‘blackmail’

European leaders have blasted Russia’s decision to halt gas shipments to Poland and Bulgaria as “blackmail”, amid threats it will do the same to other countries.

Evening Standard

European leaders condemn Russia’s move to cut off gas supplies to Poland and Bulgaria as 'blackmail' while prices soar

The supply was suspended after energy companies Bulgargaz and PGNiG did not comply with a statement issued by Russian President Vladimir Putin last month, which stipulated that all payments for gas were to be made in roubles in a bid to strengthen the Russian currency

Irish Mirror

UN chief in Ukraine after EU-Russia gas row

Kyiv (Ukraine) (AFP) - The UN chief called war "an absurdity" during a visit to Ukraine Thursday, after Brussels warned Russia it will not waver in its support for Kyiv following Russia's decision to cut gas supplies to Bulgaria and Poland.

AFP

EU Defies Gas 'Blackmail' as Russia Pushes Deeper into Ukraine

The European Union has warned Russia it will not bend to "blackmail" over its support for Kyiv after the Kremlin cut off gas supplies to Bulgaria and Poland. The warning on Wednesday came ahead of UN chief Antonio Guterres arriving in Kyiv to meet Ukrainian leader Volodymyr Zelensky following talks…

Asharq Al-Awsat

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European leaders blast cutoff of Russian gas as 'blackmail'

European leaders blasted Russia’s decision to cut natural gas shipments to Poland and Bulgaria as “blackmail.”

The Independent UK

Russia takes economic aim at countries aiding Ukraine, where it continues shelling the east

Los Angeles Times

US: Ukraine war 'screams' need to reject Russian energy

Hours after Russia cut off natural gas to Poland and Bulgaria, the energy secretaries from the U.S. and the European Commission called for a rapid acceleration of wind power to help countries stop using Russian energy

The Independent UK

EU promises 'coordinated response' to Russia gas stoppage

The EU said Wednesday it was "prepared" for Moscow to suspend gas supplies to the 27-nation bloc and is planning a "coordinated" response after Russia's Gazprom turned off the taps to Poland and Bulgaria.

Radio France Internationale

White House: Russia's 'weaponizing' energy has been expected

The White House on Wednesday said Russia was essentially weaponizing energy supplies by cutting off Poland and Bulgaria from Russian gas supplies.

Reuters

Stop relying on Russia, Ukraine warns EU

Ukraine has warned European nations not to rely on Russia for trade, describing Moscow’s decision to stop gas supplies to Bulgaria and Poland as “blackmail”.

Crikey

Gazprom: What’s behind Russia’s natural gas cut off and how will it affect the UK?

It escalates Moscow’s row with Western countries who oppose its invasion of Ukraine

Evening Standard

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France 24

Putin shuts the tap: How will Europe respond to Russian gas cut?

The rest of Europe may not be at war, but is it ready for the sacrifices of a wartime economy? The Kremlin shutting the gas tap on Bulgaria and Poland may be but a prelude to a brutally swift transition away from Russian gas and oil. Deals will be dropped,…

The Guardian - UK

How worried should Europe be as Russia starts cutting off gas supplies?

Analysis: Putin is determined to use resource as a weapon, as shown in move to cut off Poland and Bulgaria

AFP

EU defies gas 'blackmail' as Russia pushes deeper into Ukraine

Kyiv (Ukraine) (AFP) - The European Union has warned Russia it will not bend to "blackmail" over its support for Kyiv after the Kremlin cut off gas supplies to Bulgaria and Poland.

Al Jazeera

Russian gas crisis: 5 things to know about Europe’s supply

Russia is cutting gas supplies to Poland and Bulgaria, and is threatening to cut off other countries in Europe.

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The Conversation

Why Bulgaria and Poland can withstand Russia cutting off their gas supply

Russian energy giant Gazprom has completely cut off gas supplies to Poland and Bulgaria. Both countries are apparently being punished for refusing Russia’s demand that they pay for their gas in roubles.

The Independent UK

Labour: UK is complacent on energy security and must ‘sprint to net zero’

Shadow Business Secretary Jonathan Reynolds said Poland and Bulgaria deserved the UK’s ‘full solidarity’ after Russia cut gas supplies.

Daily Mirror

UK affected as Europe gas prices rise after Russia shuts off supply to neighbours

Russia has cut off its gas supplies to Poland and Bulgaria in what it says is a dispute about the countries not paying in roubles. Vladimir Putin's state has been accused of weaponising gas supplies

The Independent UK

Which countries are most dependent on Russian gas imports?

Gazprom decision to stop supplying gas to ‘unfriendly’ Poland and Bulgaria denounced as ‘blackmail’

Los Angeles Times

Russia cuts gas to Poland and Bulgaria as West mounts new arms push

KHARKIV, Ukraine — Moscow on Wednesday turned off the natural-gas spigot to the front-line Eastern European states of Poland and Bulgaria, signaling its willingness to take sharp economic aim at those who aid Ukraine, where Russian forces rained shells in the east as they pressed ahead with their devastating 2-month-old…

Evening Standard

Could Russia cut off gas to other European countries?

Russia has been accused of “blackmailing” Europe after cutting off gas supplies to Poland and Bulgaria.

Benzinga

Oil Prices Stable Amid Balancing Act Of Russia Supply Fears and Asian Demand Concerns On COVID-19 Restrictions

On Wednesday, oil was steady after Russia cut gas supplies to Bulgaria and Poland. However, lingering concerns about Asian COVID-19 related lockdowns (especially in China) weigh on economic growth, and oil demand constrains the prices, writes Reuters. Brent crude futures rose $0.26, or 0.30%, to $105.25 a barrel by 0823 GMT. U.S.…

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