Gazprom
RFE: Moscow Puts Sanctions On European Gazprom Units In Countries That Have Imposed Sanctions On Russia
Russia has imposed sanctions against units of Gazprom Germania and dozens of other companies based in countries that have imposed sanctions on Russia in response to its invasion of Ukraine.
Under the sanctions, the 31 companies listed on May 11 by the Russian government are banned from conducting transactions and entering Russian ports.
But it notably includes local subsidiaries of Gazprom, which supplies more than a third of European gas.
Read more ....
WNU Editor: Why should Russia ship natural gas to European Gasprom companies/units that were seized last month by European governments who took these institutions without compensation?
The shock from the Western media and governments over these reciprocal sanctions being imposed on them is a sight to see. My guess is that they never expected it, and they never made the calculation on what would be the consequences if they impose sanctions on a country like Russia.
Bottom line.
The sanctions that the West have imposed on the Kremlin is hurting the Russian economy, but it looks like these reciprocal sanctions are probably hurting the EU even more.
Update: The impact has been immediate .... Europe gas spikes 22% as Germany quarrels with Russia over supply (Al Jazeera).
Russia Slaps Retaliatory Sanctions On EU, US Energy Firms
Russia’s Gazprom Halts Gas Transports to Europe Via Poland Pipeline -- Moscow Times
Russia puts sanctions on Gazprom units in Europe and U.S., part owner of pipeline -- Reuters
Russia Curbs Gas Supplies to Germany in Warning for Europe -- Bloomberg
Kremlin says no supplies possible to entities on its gas sanctions list -- Reuters
Europe's gas supply crisis grows after Russia imposes sanctions -- Reuters
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