Putin Warns Europe “No Alternative… Will Cut Gas Supplies”
by Tyler Durden
ZeroHedge.com
04/10/2014
European partners have left Russia with “no alternative” but to halt supplies of gas to Ukraine and Europe, according to a letter from Russian president Putin to European leaders.
*EUROPEAN PARTNERS LEAVE RUSSIA ‘NO ALTERNATIVE,’ PUTIN SAYS
*RUSSIA TO HALT UKRAINE GAS IF PAYMENT VIOLATIONS GO ON: PUTIN
*PUTIN: RUSSIA UKRAINE GAS SUBSIDY WORTH $35.4B IN PAST 4 YEARS
The remarks, as Reuters reports, were the strongest sign yet that Russia could curtail supplies of gas to (and through) Ukraine affecting supplies of gas to Europe (as they fear Ukraine will siphon off Russian gas meant for Europe). Russia is already reducing its delivery through Ukraine but it stil represents 39% of Europe’s demand. Gazprom has also been forced to move to pre-payment terms on any future deliveries (there’s your IMF bailout).
The Rest…HERE
