Russian state-owned fuel company Gazprom has cut off natural gas deliveries to the Netherlands, as Russian President Vladimir Putin enforced his ultimatum that payments for Russian natural gas must be made in rubles. The Netherlands is currently the largest country to succumb to the ultimatum.
On Tuesday, Gazprom ceased shipments of natural gas to its Dutch equivalent GasTerra, after the latter refused to make payments for Russian natural gas in rubles, Russia’s fiat currency, as stipulated by the ultimatum.
“Dutch gas trader GasTerra has decided not to comply with Gazprom’s one-sided payment requirements,” GasTerra said in a press release posted on its website. “These payment requirements are set out in a decree passed by Russian President Vladimir Putin regarding payment for the supply of Russian gas. In response to GasTerra’s decision, Gazprom declared to discontinue supply with effect from 31 May 2022.”…
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