Russia closed fuel exploration to 2 European international locations, whereas the EU proposed a ban on Russian oil imports.
Russian President Vladimir Putin is making good on his menace to chop off pure fuel provides to Europe.
Provides to Bulgaria and Poland have been halted after the 2 international locations refused to pay for fuel in rubles. Different European international locations might even have their contracts minimize inside weeks in the event that they refuse Russia’s request.
The European Union has dismissed the transfer as “blackmail” and is below strain to sever Russia’s power tie. The bloc has proposed an entire ban on Russian oil imports by the tip of the 12 months.
In the meantime, the ruble hit a two-year excessive regardless of Western sanctions.