European dependance on Russian natural gas
(image by Michael Collins)
Daily Mail: Europe plunged into energy crisis as Russia cuts off gas supply via Ukraine
WNU Editor: This is a major announcement from Russia .... the equivalent of using a nuclear economic bomb .... and one that will severely impact Ukraine and all of Europe. Not surprising .... prices are now skyrocketing throughout Europe, and for a country like Ukraine that earned fees and concessions for this transfer .... that is now all but dead and one that will profoundly impact its finances. And while the international media is focused on international terrorism ..... this is also a big story .... it is Russia's way of retaliating against sanctions .... and one that is going to hurt everyone in Europe. This probably explains why German Chancellor Merkel had harsh words for Putin today ..... she understands what the consequences of this cut-off will have on Europe .... and on Germany.
More News On Russia Ending All Gas Transfers Through Ukraine For Europe
Russia to Shift Ukraine Gas Transit to Turkey as EU Cries Foul -- Bloomberg
Russia Cuts Off Ukraine Gas Supply To 6 European Countries -- Zero Hedge
Russia Fires Ukraine as Natural Gas Transit for Europe -- OPEdNews
Gazprom informs EC official on transit risks for European customers on Ukraine territory -- Gazprom
Update: This post has a good collection of tables and graphs that outline Europe's dependence on Russian natural gas exports ... that link is here.
Update #2: This post gives a good explanation on the significance of what Russia did today .... Russia pulls trigger on two moves to counter the U.S. and end petrodollar -- Kenneth Schortgen Jr, Washington Examiner
WNU Editor: Hat Tip to reader Jay who gave me the heads up on this story earlier today.
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