Russia nears gas shutdown in Europe as Germany rejects claims it can't fulfil contracts

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Majority state-owned Gazprom said Monday that due to unforeseeable circumstances it is not in a position to comply with gas contracts with Europe. "It is true that we have received a letter from Gazprom Export in which the company claims force majeure retroactively for past and current shortfalls in gas deliveries. We consider this as unjustified and have formally rejected the force majeure claim," Lucas Wintgens, spokesperson for Uniper, told CNBC's Annette Weisbach.

European nations received about 40% of their gas imports from Russia before it invaded Ukraine. European officials have beenThe European Commission, the executive arm of the EU, has announcedwith the United States and Azerbaijan, for instance, as it seeks new suppliers of fossil fuels.

From the beginning the entire Ukraine/Russia dust up,it was all about Germany and that gas pipeline.

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