Russia Began to Reduce Gas Supply to European Countries
On September 12, the U.S. and EU launched new sanctions on Russian, involving finance, oil, military and other industries to strike Russian economy further so that they could continue pressuring Russia for Ukrainian crisis. Faced with new sanctions of the Western, Russia adopted solutions and began to show its trump cards.
Before that, the Western had already carried several sanctions on Russian for Ukrainian crisis. For that, Russia launched anti-sanction measures on August, announcing to stop importing meat, dairy products and fruits & vegetable which were originated from the Western. The measures have impact on several food export enterprises in the Western.
For the sanctions of the Western upgrading again, on September 12, Putin, the Russian president stated that Russia was considering retaliatory measures. Ministry of Foreign Affairs of the Russian Federation warned, “Our retaliatory measure will come soon.”
On September 11, Andrei Belousov, Putin’s economic assistant said that Russia may prohibit importing automobiles or clothing from the Western. What’s more, it is said that Russia is also considering for limiting or prohibiting European airlines using lanes to fly through Siberia.
The Western ranked some Russian banks, oil and military enterprise into its sanction list, limiting them to entering into its capital market. For that, Russian government had already promised to support those banks and enterprises.
It is widely believed that for the sanctions of the Western upgrading gradually, oil and gas resources are the most effective trump cards for Russia. After all, Germany, Italy and other countries in Middle or Eastern Europe have high dependence on Russian energy.
Nowadays, Russian has already begun to reduce gas supply to Poland, Romania and other European countries. On September 11, Russia reduced 24% and 10 % of gas supply to Poland and Slovakia respectively. On September 12, Russia reduced 5% of gas supply to Romania.
On last Thursday and Friday, gas supply from Gazprom to Austria was reduced by 10% and 15%, compared with amount of plan. On last Wednesday, gas supply to Poland was less than anticipation by 45%.
Analysts consider that with European countries entering into winter soon, if Russian enhances reducing gas or even cuts off gas supply, it will have great influence on European countries.
Before that, the Western had already carried several sanctions on Russian for Ukrainian crisis. For that, Russia launched anti-sanction measures on August, announcing to stop importing meat, dairy products and fruits & vegetable which were originated from the Western. The measures have impact on several food export enterprises in the Western.
For the sanctions of the Western upgrading again, on September 12, Putin, the Russian president stated that Russia was considering retaliatory measures. Ministry of Foreign Affairs of the Russian Federation warned, “Our retaliatory measure will come soon.”
On September 11, Andrei Belousov, Putin’s economic assistant said that Russia may prohibit importing automobiles or clothing from the Western. What’s more, it is said that Russia is also considering for limiting or prohibiting European airlines using lanes to fly through Siberia.
The Western ranked some Russian banks, oil and military enterprise into its sanction list, limiting them to entering into its capital market. For that, Russian government had already promised to support those banks and enterprises.
It is widely believed that for the sanctions of the Western upgrading gradually, oil and gas resources are the most effective trump cards for Russia. After all, Germany, Italy and other countries in Middle or Eastern Europe have high dependence on Russian energy.
Nowadays, Russian has already begun to reduce gas supply to Poland, Romania and other European countries. On September 11, Russia reduced 24% and 10 % of gas supply to Poland and Slovakia respectively. On September 12, Russia reduced 5% of gas supply to Romania.
On last Thursday and Friday, gas supply from Gazprom to Austria was reduced by 10% and 15%, compared with amount of plan. On last Wednesday, gas supply to Poland was less than anticipation by 45%.
Analysts consider that with European countries entering into winter soon, if Russian enhances reducing gas or even cuts off gas supply, it will have great influence on European countries.
