Prices soar as Russia moves to cut off gas supplies to countries as 'blackmail'

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European leaders condemned Russia’s move to cut off gas supplies to Poland and Bulgaria as “blackmail”, while prices shot up on Wednesday following the announcement.

Russian state energy giant Gazprom issued a statement claiming it had “completely suspended gas supplies” to Bulgaria and Poland “due to absence of payments in roubles”.

However, Poland and Bulgaria have reacted with defiance, as they insisted the cut off would have little effect on them for the time being. Austria’s government has also announced that its energy company, OMV, would continue to pay for gas in euro, setting aside €5 billion to refill its gas reservoirs.

 

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*tiny violin* At some point Europeans are going to have to admit that President Trump was right and they should have listened to him instead of listening to his critics.

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