Sunday, April 13, 2014

Putin is now Threatening to Shut off the Gas Supply to Eastern Europe

Vladimir Putin warned Europe it may face a shutdown of Russian natural gas supplies if it fails to help Ukraine settle its enormous Russian gas bill — a debt that far exceeds a bailout package offered by the International Monetary Fund. 
The Russian president’s letter to 18 mostly Eastern European leaders, released Thursday by the Kremlin, aimed to divide the 28-nation European Union and siphon off to Russia the billions of dollars the international community plans to lend to Ukraine. It was all part of Russia’s efforts to retain control over its struggling neighbor, which is teetering on the verge of financial ruin and facing a pro-Russian separatist mutiny in the east. 
Putin’s message is clear: The EU has tried to lure Ukraine from Russia’s orbit and into its fold, so it should now foot Ukraine’s gas bill — or face the country’s economic collapse and a disruption of its own gas supplies. 
The tough warning raises the ante ahead of international talks on settling the Ukrainian crisis that for the first time will bring together the United States, the European Union, Russia, and Ukraine.
Read the rest of the story HERE.

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