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Furious Putin Slams EU Policies for Creating Gas Crisis, Signals End of Ukraine Gas Transit

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

Furious Putin Slams EU Policies for Creating Gas Crisis, Signals End of Ukraine Gas Transit
News Topic 308

Meeting on development of the energy industry

Meeting on development of the energy industry

The meeting was attended by Deputy Prime Minister , presidential aides and , Minister of Natural Resources and Environment , Minister of Industry and Trade , Minister of Economic Development , Finance Minister , Energy Minister , Head of the Federal Anti-Monopoly Service Maxim Shaskolsky, governors and heads of major energy companies.

Russia is taking advantage of the energy squeeze

This has been a bad week for Europe’s energy consumers, but a satisfying one for Vladimir Putin. European benchmark gas prices on Friday were six times higher than a year ago – but did fall back from an all-time high midweek after Russia’s president suggested Moscow might be prepared to stabilise prices.

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The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

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Molly
October 10, 2021

GOOD

'Nuff said
'Nuff said
Reply to  Molly
October 11, 2021

Absolutely. How much complete and unadulerated nonstop bull is any one person supposed to tolerate?

Simple Truths
Simple Truths
October 11, 2021

Just a quick & dirty note: What spot market refers to is immediate delivery (from reserves etc). What the reference to short term contracts is has to include, in fact mostly is, the futures market, which are contracts 1,2,3 up to 12 months or so out (whatever the exchange max. is). The rationale for futures contracts is that it allows a buyer or seller to hedge, by locking in a price months out, as it suits them. The problem is that when price volatility increases, so does major speculator interest, which can seriously distort prices. That’s what’s causing much of… Read more »

Brokenspine66
Brokenspine66
Reply to  Simple Truths
October 11, 2021

The EU’s ‘Third Energy Package‘ Scam, mainly pushed by russophobe forces within the EU, is/was in essence a scam/plot/scheme to sabotage NS1+NS2 projects or any other project with Russia to ensure that some Globalist + Transatlantic Forces try to retain a stranglehold on EU energy supplies. It’s purely geopolitical + ideological even if it causes damage to their economies because the culprits are ideological possessed fanatics. That the whole scam totaly blow-up in their faces is for them just collateral damage, the price hikes at the ‘Spot Markets’ are the results and countries + their consumers like the UK are… Read more »

Last edited 1 month ago by Brokenspine66
waine
waine
October 11, 2021

If I was running Russia I would make the charges of RUSSIA holding back on gas a reality by pulling the plug on all the gas in transit right now.

joey_n
joey_n
Reply to  waine
October 11, 2021

What would happen to the contracts that Russia has been honoring the whole time, as Merkel herself has said? Would those get rubbished?

Last edited 1 month ago by joey_n
Ian
Ian
October 12, 2021

I ‘remember the Chamberlain’s treatment, in part driven by British E X P E R T S – ha ha!

Those who forget Lindy will pay the highest price. The BOSS DOES NOT forget!

David Bowlas
David Bowlas
October 12, 2021

The cowards in the EU and Britain have not got the guts to defy America so their ordinary people will be paying more for their gas. But the media throughout Europe are just a bunch of Putin haters and their readers are just plebs.

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