News
Russia Cuts Natural Gas Supply To Two NATO Nations – Poland & Bulgaria
Russia cut natural gas off to NATO members Poland and Bulgaria and has threatened to disconnect supplies to even more nations, the Associated Press (AP) news reported today [April 27].
A day after the United States (US) and other Western allies vowed to speed more and better military supplies to Ukraine, the Kremlin upped the ante, using its most essential export as leverage.
The tactic could eventually force targeted nations to ration gas and deal another blow to economies suffering from rising prices.
Benchmark gas prices in Europe shot up on the news that Poland and Bulgaria were cut off, marking another dark turn in a war that has revived the geopolitical rifts of the Cold War. the Oman News Agency reported.
In a memo, state-controlled Russian giant Gazprom said that it was shutting off the countries because they refused to pay in Russian rubles, as Russian President Vladimir Putin had demanded. The company said it had not received any such payment since the beginning of the month.
Natural gas prices in Europe shot up 25 per cent before the market opened Wednesday and then eased off but remained significantly higher.
-
Dossier3 weeks agoDossier, 2026
-
Insurance2 months agoLiva Insurance Supports Community Wellness Through “Experience Oman – Muscat Marathon 2026”
-
OER Magazines2 months agoOER, January 26
-
Interviews2 months agoEXCLUSIVE INTERVIEW: TLS Rebranding Marks Strategic Leap Toward Innovation, Sustainability & Growth
-
Alamaliktistaad Magazines2 months agoAl-iktisaad, January 26
-
Banking & Finance3 weeks agoNational Finance Unveils Exclusive Ramadan Offers on Auto Financing
-
Banking & Finance3 weeks agoSohar International and Sohar Islamic Supports Over 100 Families in Al Wusta Governorate Through Its ‘Sohar Al Attaa’ Initiative
-
Banking & Finance2 months agoA New Platform for SME Growth: Oman Arab Bank Unveils Tumouhi
