What is happening to Russia's gas exports, what will be the impact? GETX24
Russia's gas producer Gasprom officially announced on Wednesday that it had suspended gas exports to Poland and Bulgaria.
Gasprom said the two countries had cut off gas supplies because of Russia's refusal to pay gas in rubles and its failure to pay gas in rubles.
Russian President Vladimir Putin has ordered the sale of ruble gas to non-friendly countries.
Gasprom has said it will not resume cut-off supplies unless "non-friendly" countries pay the price of gas in rubles.
Why did Russia target Poland and Bulgaria first? Why did they stop their gas before having other countries?
Russia has not yet commented on the cause.
However, both Bulgaria and Poland have refused to pay in rubles. However, the rest of the European Union has stated that it will not pay in rubles.
Russia may have a different outlook on Poland. Because Ukraine's neighbor Poland has been providing arms and humanitarian aid to Ukraine since the beginning of the war. In addition, two days ago, Poland imposed sanctions on 50 individuals and organizations, including Gasprom and a Russian billionaire.
Bulgaria, on the other hand, has sharply criticized Russia for not providing arms. In addition, Bulgaria has backed the European Union's sanctions against Russia.
Because of these, Russia can get angry with them.
What will happen to Europe if Russia stops gas exports?
Russia exports 40 percent of its gas to Europe. If it is disrupted, Europe will fall into disrepair. Then they have to go to Qatar, Nigeria and Azerbaijan for gas. Although the matter will not be easy.
Moreover, if Russia stops exporting gas, it will have a huge impact on the whole world. The price of goods has gone up and it will go up further. Factory production costs will increase.
Source: BBC