Today's Headlines: President Putin's Threat To Suspend Energy Supplies To Europe Branded Hollow, Joe Biden To Release 180m Barrels Of Crude Oil
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President Putin Threatens Europe
President Vladimir Putin's threats to cut off energy supplies to Europe have been dismissed as hollow by Western officials, because of the damage the move would do to a Russian economy already reeling from Sanctions.
(Photo Credit: The Independent)
Putin has warned he will turn the taps off unless “unfriendly” countries start paying for oil and gas in roubles from Friday, in a move intended to shore up the value of the Russian currency, which has plummeted since Moscow’s 24 February invasion of Ukraine.
But Western officials today expressed scepticism that Moscow could find alternative buyers for its main exports, which are essential to fund Putin’s hugely expensive military adventure.
EU nations which are heavily reliant on Russia for energy supplies have so far shown a united front in opposing payment in roubles.
News Hub Creator
2d
President Putin Threatens Europe
President Vladimir Putin's threats to cut off energy supplies to Europe have been dismissed as hollow by Western officials, because of the damage the move would do to a Russian economy already reeling from Sanctions.
(Photo Credit: The Independent)
Putin has warned he will turn the taps off unless “unfriendly” countries start paying for oil and gas in roubles from Friday, in a move intended to shore up the value of the Russian currency, which has plummeted since Moscow’s 24 February invasion of Ukraine.
But Western officials today expressed scepticism that Moscow could find alternative buyers for its main exports, which are essential to fund Putin’s hugely expensive military adventure.
EU nations which are heavily reliant on Russia for energy supplies have so far shown a united front in opposing payment in roubles.
