European Union (UN) reminded its member countries to be prepared for the potential for total disruption of gas supply from Russia. The UN firmly stated that it did not want to follow Russia’s request that gas imports be paid for in rubles.
The UN commission on Tuesday (3/5) will propose to member states a new package of sanctions to punish Russian President Vladimir Putin for his invasion of Ukraine, including the issue of the Russian oil embargo.
The meeting of UN energy ministers in Brussels on Monday (2/5) discussed the bigger and more complicated Russian gas problem. Countries, including the main economy at the UN, namely Germany, are highly dependent on Russian supplies for electricity generation.
Russia had previously demanded gas clients ‘from hostile countries’ pay for gas supplies in rubles. This method was used to avoid financial sanctions from the West against the Russian central bank.
Russia’s policy has cut lines to Bulgaria and Poland after local oil companies refused to comply with requests for rubles.
The French representative at the meeting said the 27 UN countries would unite with Poland and Bulgaria and would stockpile gas in preparation for supply problems.
Following the procedure as requested by Russia is said to be a violation of the sanctions imposed by the UN on Russia.
French Transitional Minister for Ecology Barbara Pompili said that to her knowledge no European company would want to follow Putin’s wishes and change its payment methods.