Berliner Boersenzeitung - EU defies gas 'blackmail' as Russia pushes deeper into Ukraine

EUR -
AED 4.095102
AFN 72.480008
ALL 90.801688
AMD 402.807486
ANG 1.995737
AOA 1023.635334
ARS 1721.721299
AUD 1.61933
AWG 2.007127
AZN 1.900047
BAM 1.955836
BBD 2.250342
BDT 139.162586
BGN 1.948955
BHD 0.422108
BIF 3342.96213
BMD 1.115071
BND 1.431727
BOB 13.402249
BRL 6.138357
BSD 1.117321
BTN 104.873949
BWP 15.391286
BYN 3.345962
BYR 21855.38619
BZD 2.247142
CAD 1.573644
CDF 2586.964483
CHF 0.914162
CLF 0.027822
CLP 1094.980351
CNY 7.444774
CNH 7.438418
COP 3608.76707
CRC 506.709417
CUC 1.115071
CUP 26.815498
CVE 110.267049
CZK 24.346956
DJF 198.963698
DKK 7.480457
DOP 67.891262
DZD 151.940824
EGP 59.957114
ERN 16.726061
ETB 183.378708
FJD 2.526309
FKP 0.833961
GBP 0.834166
GEL 2.893653
GGP 0.833961
GHS 13.055243
GIP 0.833961
GMD 83.077063
GNF 9896.183924
GTQ 8.538159
GYD 234.234353
HKD 8.744429
HNL 30.029558
HRK 7.547925
HTG 146.432722
HUF 363.51345
IDR 20192.258205
ILS 3.552538
IMP 0.833961
INR 104.716854
IQD 1693.83148
IRR 2108992.359359
ISK 136.919964
JEP 0.833961
JMD 177.323296
JOD 0.790629
JPY 176.710877
KES 145.192698
KGS 97.510486
KHR 4552.084602
KMF 492.86165
KPW 1003.563608
KRW 1520.737678
KWD 0.346765
KYD 0.931217
KZT 500.809308
LAK 25136.46717
LBP 100053.859534
LKR 371.556906
LRD 189.94353
LSL 18.477643
LTL 3.292514
LVL 0.674496
LYD 7.150133
MAD 10.921803
MDL 19.971371
MGA 5077.094359
MKD 61.556144
MMK 2341.311039
MNT 4015.078679
MOP 9.019368
MRU 45.108838
MUR 52.442198
MVR 17.176258
MWK 1937.436008
MXN 20.766565
MYR 4.528864
MZN 71.257178
NAD 18.477643
NGN 1502.23485
NIO 41.120764
NOK 10.548462
NPR 167.798119
NZD 2.015128
OMR 0.428348
PAB 1.117421
PEN 3.848972
PGK 5.092095
PHP 70.369926
PKR 309.016043
PLN 4.399568
PYG 6984.129802
QAR 4.084276
RON 5.343646
RSD 117.622186
RUB 91.352798
RWF 1649.13065
SAR 4.188587
SBD 8.974739
SCR 15.358485
SDG 670.719139
SEK 11.033072
SGD 1.430306
SHP 0.835103
SLE 25.591287
SLL 23382.48045
SOS 638.511867
SRD 41.908265
STD 23079.712667
STN 24.500455
SVC 9.776182
SYP 14498.149201
SZL 18.471343
THB 37.411034
TJS 10.307092
TMT 3.902748
TND 3.343362
TOP 2.684822
TRY 55.9111
TTD 7.577141
TWD 36.546782
TZS 2952.454872
UAH 50.616941
UGX 4570.084937
USD 1.115071
UYU 44.950835
UZS 13332.247784
VES 999.456181
VND 28526.296796
VUV 133.25575
WST 3.108617
XAF 655.957
XAG 0.021465
XAU 0.000274244363
XCD 3.013535
XCG 2.013637
XDR 0.788413
XOF 655.957
XPF 119.331742
YER 263.853652
ZAR 18.420333
ZMK 10036.978597
ZMW 22.703422
ZWL 359.052318
SSP 6406.644798
MXV 2.33632
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

EU defies gas 'blackmail' as Russia pushes deeper into Ukraine
EU defies gas 'blackmail' as Russia pushes deeper into Ukraine / Photo: Yasuyoshi CHIBA - AFP

EU defies gas 'blackmail' as Russia pushes deeper into Ukraine

The European Union warned Russia on Wednesday it would not bend to "blackmail" over its support for Kyiv, after the Kremlin cut off gas supplies to Bulgaria and Poland.

Text size:

Russia's President Vladimir Putin, meanwhile, warned that if Western forces intervene in Ukraine, they will face a "lightning-fast" military response.

"We have all the tools for this, that no one else can boast of having," he told lawmakers, implicitly referring to Moscow's ballistic missiles and nuclear arsenal.

"We won't boast about it: we'll use them, if needed. And I want everyone to know that," he said. "We have already taken all the decisions on this."

The dire threats came as Moscow claimed to have carried out a missile strike in southern Ukraine to destroy a "large batch" of Western-supplied weapons.

As the war, which has already claimed thousands of lives, entered its third month, Kyiv conceded that Russian forces had made gains in the east.

Russia's military offensive saw it capture a string of villages in the Donbas region, now the immediate target of its invasion force.

And in its economic standoff with the West, Moscow cut off gas supplies to Bulgaria and Poland, two EU and NATO members backing Ukraine in the conflict.

In Brussels, Ursula von der Leyen, the president of the European Commission, insisted that EU member states were ready for the move.

- 'Blackmail' -

She described the announcement by Russia's state energy giant Gazprom as "another provocation from the Kremlin" that would be countered.

"It comes as no surprise that the Kremlin uses fossil fuels to try to blackmail us... Our response will be immediate, united and coordinated.

"Both Poland and Bulgaria are now receiving gas from their EU neighbours," she said. "The era of Russian fossil fuels in Europe will come to an end."

European powers have imposed massive sanctions on Russia since Putin's decision to invade his neighbour, while shipping weapons to Ukraine's defenders.

But they have moved slowly on hitting Moscow's vast gas exports, with many EU members -- notably industrial giant Germany -- reliant on Russian energy to keep their lights on.

Putin has attempted to turn up the pressure by insisting that Russia will only accept payments for gas in rubles -- hoping to force his foes to prop up his currency.

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

But von der Leyen said that "about 97 percent" of all EU contracts explicitly stipulate payments in euros or dollars -- and warned importing firms off paying in rubles.

"This would be a breach of the sanctions," she told reporters.

- 'Heaven and earth' -

Moscow defended its demand that western customers buy rubles, saying that sanctions against its central bank had forced it to rebuild its foreign reserves.

"They blocked from us -- or, to put it plainly, stole -- a fairly significant amount of our reserves," Kremlin spokesman Dmitry Peskov said. "So there is no question of blackmail here."

The first phase of Russia's invasion failed to reach Kyiv and to overthrow President Volodymyr Zelensky's government after encountering stiff Ukrainian resistance reinforced with Western weapons.

The campaign has refocused on seizing the east and south of the country, while increased use of long-range missile strikes against west and central Ukraine to counter the Western response.

On Wednesday, Russia's defence ministry said its forces had destroyed a "large batch" of weapons and ammunition supplied by the United States and European countries.

Russia hit hangars at an aluminium plant near the Ukrainian city of Zaporizhzhia with "high-precision long-range sea-based Kalibr missiles", the ministry said.

On Tuesday, at a summit in Germany of 40 Western allies to discuss arming Ukraine, Washington pledged to move "heaven and earth" to enable Kyiv to emerge victorious from the war.

Tensions are also rising in a breakaway region of Moldova bordering southwestern Ukraine.

In the region, Transnistria, pro-Russian separatists claimed shots were fired across the border towards a village housing a Russian arms depot, after drones flew over from Ukraine.

- 'Ramp up' -

The unrecognised region has reported a series of explosions in recent days that it called "terrorist attacks", leading Kyiv to accuse Moscow of seeking to expand the war further into Europe.

The targeting of Western-supplied arms came as the United States and Europe have started to heed Zelensky's call for heavier firepower.

Western allies remain wary of being drawn into war with Russia but have stepped up military support as Ukraine has maintained its fierce resistance.

Germany announced Tuesday it would send anti-aircraft tanks, in a sharp U-turn on its much-criticised cautious stance.

Britain will on Wednesday urge Kyiv's allies to "ramp up" military production including tanks and planes to help Ukraine, with Foreign Secretary Liz Truss set to call for a "new approach" to confront Putin.

Fighting continues to rage across Ukraine's east, Kyiv's defence ministry said, as it confirmed Russian forces had seized several villages in their renewed bid to "liberate" the Donbas region.

The ministry said a pair of villages in the north-eastern Kharkiv region and two in the Donetsk region had fallen.

Moscow aims to create a land bridge between territory held by pro-Russian separatists in parts of the Donbas and the Russian-annexed Black Sea peninsula of Crimea.

Separately, Moscow also said it was expelling eight Japanese diplomats in a tit-for-tat response to expulsions by Tokyo over the conflict in Ukraine.

burs-dc/del/gw/jm

(P.Werner--BBZ)