Russia: Reduction in Gas Exports to Europe Possible

October 16th, 2014

Via: CNBC:

Russia’s President Vladimir Putin said Russia will have to reduce gas supplies to Europe if Ukraine steals gas. Pipelines that supply Europe crosses Ukraine en route.

In June, Moscow halted gas supplies to Ukraine due to mounting debts and pricing disagreements.

Disturbance of Russian gas supplies to Europe has happened two times in the past ten years, in 2006 and 2009. A third of Europe’s gas comes from Russia.

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