As the crisis in Ukraine escalates, the oil freight rail line Gazpromtrans, a subsidiary of the Russian state gas monopoly Gazprom, said that it had stopped taking orders for the transportation of liquefied petroleum gas (LPG) to Ukraine on Feb. 18 onward due to rising political tensions between the two countries. Gazpromtrans told its clients to consider other destinations for their supplies, but that it will still fulfill existing orders and continue to provide full compensation to its customers if any damage is caused to its property during deliveries upon request. It comes after Russian President Vladimir Putin on Feb. 21 said that his government had officially recognized the independence of the Luhansk and Donetsk regions of eastern Ukraine controlled by pro-Russian separatists since 2014, after weeks of tense troop build-ups in the region by NATO and Russian forces. The announcement by Putin spurred a sell-off in Russian assets and pushed global …
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