April 27, 2022 - 04:44 PM 306 views
"It's Russia’s another attempt to blackmail us with gas via
Gazprom’s announcement," said European Commission President Ursula von der
Leyen on Wednesday.
Further, they are prepared for this kind of situation, and they
also mapped a plan via coordinated EU response, and he believes that Europeans
stand in integrated unity with the impact of the other member states.
In the meantime, the Russian parliamentary speaker said that the
gas buyers need to pay money in the form of roubles, otherwise they will face
cuts. Adding to this, the speaker said that Moscow will also create the same
scenario in regards to the other unfriendly countries.
Prior to this, Gazprom turned off gas supplies to Poland and
Bulgaria and decided to keep them off until they agreed to Moscow’s demand to
pay the fuel cost in roubles.
According to Bloomberg, "As per the Russian blackmail of
paying fuel money in roubles, it appears that the other four European countries
have agreed to pay fuel costs in roubles."
The Market Reaction
The EUR/USD is languishing around 1.0600, vulnerable due to the
Russia-EU energy dispute and a broadly stronger US currency. On the day, the
key currency pair is down 0.37 percent.