Vladimir Putin is extending his murderously physical war on Ukraine into an economic war against Ukraine’s European nation supporters.
Russia’s state-owned gas giant Gazprom PJSC throttled deliveries via the Nord Stream pipeline to Germany this week….
Russian natural gas deliveries through a key pipeline to Europe will drop by around 40% this year, state-controlled energy giant Gazprom said Tuesday….
Slovakia’s state-owned gas importer SPP said it expected Thursday’s Russian gas deliveries to be reduced by about 30%, while Czech power utility CEZ said it had seen a similar fall….
France’s multinational utility corporation Engie said on Thursday that Russia has reduced gas shipments….
This should be a one-shot effort by Putin, and then his energy production should find no buyers outside of India and the People’s Republic of China—to which there are inadequate delivery routes for several years. The single shot aspect of this, though, requires the European nations to have courage and to move apace to find alternative sources—and there are a plethora of them. And then, Russia, which depends on exports of extractions rather than of manufactured goods would be…stuck. The Indian and PRC markets just aren’t all that.