In a brief statement, gas giant Gazprom said the shipments were stopped because Latvia broke "terms for extraction of gas." It did not elaborate.The statement likely referred to a refusal to meet Russia's demand for gas payments in rubles rather than other currencies. Gazprom previously suspended shipments to other European Union countries, including the Netherlands, Poland and Bulgaria, because they would not pay in rubles.
The immediate effects of the cutoff were not clear. Latvian media reported this week that the country had resumed buying Russian gas from another supplier. After the EU imposed sanctions against Russia over its invasion of Ukraine, Russian President Vladimir Putin said in March that "unfriendly foreign buyers" would have to transact with Gazprom in rubles instead of dollars and euros.
The Kremlin said importers had to establish an account in dollars or euros at Russia's third-largest bank, Gazprombank, then a second account in rubles. The importer would pay the gas bill in euros or dollars and direct the bank to exchange the money for rubles. Many countries refused to comply, saying the new payment system could put them in the position of breaking sanctions terms.
Those Russians are an evil bunch.
Also annoying for NATO defending Latvia.
Canada could be providing them with the most ethical oil&gas on earth! Trudeau & his globalist cronies would rather help fund Putin's war instead
…..and Canada keeps finding ways of keeping our oil & gas in the ground and letting our friends & allies suffer
WHAY?
Leutonia could be next.
I wonder if there’s a country that has ample gas supplies that could profit hugely from this? I can think of one, 🇨🇦. Now do they have a government smart enough to do that? No, they don’t.
OH BOY, who’s NEXT? 🇱🇹🇱🇹🇱🇹🇱🇹🇱🇹