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Vladimir Putin ordered the Russian state energy giant Gazprom to cut supplies to and through Ukraine amid accusations, according to The Daily Mail, that its neighbor has been siphoning off and stealing Russian gas. Due to these "transit risks for European consumers in the territory of Ukraine," Gazprom cut gas exports to Europe by 60%, plunging the continent into an energy crisis "within hours." Perhaps explaining the explosion higher in NatGas prices (and oil) today, gas companies in Ukraine confirmed that Russia had cut off supply; and six countries reported a complete shut-off of Russian gas. The EU raged that the sudden cut-off to some of its member countries was "completely unacceptable," but Gazprom CEO Alexey Miller later added that Russia plans to shift all its natural gas flows crossing Ukraine to a route via Turkey; and Russian Energy Minister Alexander Novak stated unequivocally, "the decision has been made."
And Russia “withholds significant natural gas supplies from countries such as Ukraine, Georgia, or Moldova” and NATO members.
originally posted by: elementalgrove
Man oh man things are picking up quickly in 2015!
It was clear that Russia was going to do this, to be honest I am surprised that it has taken this long.
I wonder what the next chess piece to be moved shall be!
originally posted by: Boeing777
Meanwhile here in Britain we've got energy companies raping the public with abhorrent prices. This won't get any better.
On January 2, a day after Russia cut off gas supplies to Ukraine, Hungary, Romania and Poland were the first countries to report that pressure in their pipelines had fallen. Bulgaria reported that their supply was also falling and that transit to Turkey, Greece and Macedonia was affected. Two days later the Czech Republic and Turkey reported drops in pipeline pressure. Starting on January 7, several countries began to report a significant drop in gas supplies from Russia. Throughout the crisis many countries were unprepared and had been left without supplies for days, leading to significant economic and humanitarian consequences; Bulgaria was forced to stop production in some of its important industrial plants, while one country, Slovakia, declared a state of emergency.The most severely effected countries were in Southeastern Europe, most of which rely completely on Russia for gas and at the time didn't have sufficient alternative energy sources. However North-West Europe wasn't much effected by the cutoff and none of Europe's major markets came close to cutting off customers. Many European countries had made investments since the 2006 crisis which put them in a better position.
originally posted by: funkadeliaaaa
a reply to: BornAgainAlien
On a scale of 1-10 how bad is this?
(...we dont need gas right?... Just asking here before i go check out the sensationalistic BBC)