Putin instructs Russian government to consider complete cessation of gas supplies to Europe
President of Russia Vladimir Putin instructed the Russian government to urgently consider the possibility of the earliest possible cessation of Russian gas supplies to the European market.
The respective instruction concerns the analysis of the technical, economic and political implications of such a step.
A blow to the European energy market
If implemented, the solution could seriously affect the energy balance in Europe, Despite reduced dependence, some countries still receive Russian gas through alternative routes.
In particular, supplies are made through:
gas pipeline TurkStream
individual contracts with the countries of South-Eastern Europe
liquefied natural gas
Geopolitical pressure
Experts believe that such statements may be an element of energy pressure on Europe against the backdrop of an escalating international situation.
The potential suspension of exports could lead to:
a new jump in gas prices
rising electricity costs
Increased energy instability on the continent
Context.
After the start of a full-scale war against Ukraine, Russia gradually reduced gas supplies to Europe, using energy as an instrument of political influence.
Despite this, a number of EU countries still remain partially dependent on Russian energy resources.
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