Russia cuts off natural gas supplies to Poland for non payment.. GAS PRICE RISES 17% in an hour

According to a statement from the Polish gas firm, “Gazprom informed PGNiG of its intention to completely suspend deliveries under the Yamal contract at the beginning of the contract day on April 27.”

Earlier on Tuesday, a Gazprom spokesman announced that “today, Poland is obliged to pay for gas supplies in accordance with the new payment procedure,” referring to Russia’s demand that “unfriendly countries” buy its gas in rubles.

After hearing this news, reference gas futures in Europe, which are listed on the Amsterdam Stock Exchange, increased by 17% in a matter of an hour.

Russia cuts off natural gas supplies to Poland for non payment.. GAS PRICE RISES 17% in an hour — English/ Spanish – The Free