AIRLINK 80.28 Increased By ▲ 1.89 (2.41%)
BOP 5.31 Decreased By ▼ -0.03 (-0.56%)
CNERGY 4.39 Increased By ▲ 0.06 (1.39%)
DFML 33.19 Increased By ▲ 2.32 (7.52%)
DGKC 77.35 Decreased By ▼ -1.16 (-1.48%)
FCCL 20.50 Decreased By ▼ -0.08 (-0.39%)
FFBL 31.30 Decreased By ▼ -1.00 (-3.1%)
FFL 9.92 Decreased By ▼ -0.30 (-2.94%)
GGL 10.34 Increased By ▲ 0.05 (0.49%)
HBL 117.90 Decreased By ▼ -0.60 (-0.51%)
HUBC 134.40 Decreased By ▼ -0.70 (-0.52%)
HUMNL 6.91 Increased By ▲ 0.04 (0.58%)
KEL 4.55 Increased By ▲ 0.38 (9.11%)
KOSM 4.73 No Change ▼ 0.00 (0%)
MLCF 37.70 Decreased By ▼ -0.97 (-2.51%)
OGDC 137.10 Increased By ▲ 2.25 (1.67%)
PAEL 23.49 Increased By ▲ 0.09 (0.38%)
PIAA 26.65 Increased By ▲ 0.01 (0.04%)
PIBTL 7.02 No Change ▼ 0.00 (0%)
PPL 114.16 Increased By ▲ 0.71 (0.63%)
PRL 27.80 Increased By ▲ 0.07 (0.25%)
PTC 14.77 Increased By ▲ 0.17 (1.16%)
SEARL 57.49 Increased By ▲ 0.99 (1.75%)
SNGP 67.25 Increased By ▲ 0.95 (1.43%)
SSGC 11.08 Increased By ▲ 0.14 (1.28%)
TELE 9.25 Increased By ▲ 0.10 (1.09%)
TPLP 11.60 Decreased By ▼ -0.07 (-0.6%)
TRG 72.65 Increased By ▲ 1.22 (1.71%)
UNITY 25.16 Increased By ▲ 0.65 (2.65%)
WTL 1.39 Increased By ▲ 0.06 (4.51%)
BR100 7,509 Increased By 16.4 (0.22%)
BR30 24,713 Increased By 154.4 (0.63%)
KSE100 72,069 Increased By 16.7 (0.02%)
KSE30 23,776 Decreased By -31.8 (-0.13%)

BRUSSELS: The EU said Wednesday it was “prepared” for Moscow to suspend gas supplies to the 27-nation bloc and is planning a “coordinated” response after Russia’s Gazprom turned off the taps to Poland and Bulgaria.

“Gazprom’s announcement is another attempt by Russia to blackmail us with gas. We are prepared for this scenario. We are mapping out our coordinated EU response,” European Commission chief Ursula von der Leyen said on Twitter.

“Europeans can trust that we stand united and in solidarity with the member states impacted.”

Earlier, Gazprom had announced the halt of gas to both Poland and highly dependent Bulgaria after not receiving payment in rubles from the two EU members.

President Vladimir Putin had said last month that Russia would no longer accept payments in currencies other than the ruble in retaliation for the West’s economic sanctions against Moscow over its invasion of Ukraine.

The war, which is now entering its third month, has laid bare the extent of the EU’s dependence on Russian gas, which accounts for 45 percent of its gas imports.

Bulgaria and Poland have both said they will be able to make up the shortfall from other sources.

“We have been working to ensure alternative deliveries and the best possible storage levels across the EU,” von der Leyen said in a statement.

“Member states have put in place contingency plans for just such a scenario and we worked with them in coordination and solidarity,” she continued.

“A meeting of the gas coordination group is taking place right now.”

Von der Leyen slammed the unilateral move by Russia as “unjustified and unacceptable”.

“And it shows once again the unreliability of Russia as a gas supplier,” she added.

Comments

Comments are closed.