Putin to stop gas exports?

 Dear Folks!

How have you been so far? How things are going on? I hope you are all good and well.

Yes for me, besides challenging with Covid-19 and now i'm also challenging with gasoline price raising, as you would already knew about Covid-19 situation and war between Ukraine vs Russia. And it seems that we all forgetting about Covid-19, but focusing on top trending of the war Russia vs Ukraine. This is the life challenging.

Moreover, i also found a news related to gas exportation. 

Putin to stop gas exports? Will gas price continue to be increasing so higher?

Let's find out more details in the video news below...

Speech in the video above:

for over 30 years gasprom has been a reliable gas supplier to the countries

of europe that boast by gazprom is about to be tested europe needs russia's gas russia

needs europe to buy it but russia's president has decided he wants payment

in local currency to purchase russian natural gas buyers must open ruble accounts in russian

banks it is these accounts that will be used to pay for gas supplied starting

tomorrow from first of april this year if such payments are not made we will

consider this a default the north stream pipeline carries gas from russia to

germany europe's largest economy relies on russian imports and is preparing for

rationing germany says it won't be blackmailed we have looked at the contracts and gas

and other deliveries in those it is stated that the payment is in euros

sometimes in dollars but usually in euros and i told the russian president

that it will stay that way these are the major pipelines which

transport gas from russia to europe two of them run through ukraine last year

russia supplied europe with 38 of the gas it used at current market prices

that volume of gas is worth roughly 135 billion pounds to the kremlin there

are in theory alternatives to russian gas liquefied natural gas could be

shipped in to ports in western europe there are also major pipelines which

bring in gas from norway and algeria but all of these are running at near

capacity i think if russia was to turn off the gas tax for real it would be a lose-lose

on both sides so russia would lose its status as a consistent supplier of gas

to the european market and then from a european point of view it would be much

higher prices reduced uh industrial output and severe economic pain for all

the citizens in the uk and europe the russian ultimatum to unfriendly nations

doesn't apply to the oil it sells but the war has forced oil prices up and

consumers in europe and america are hurting tonight president biden

announced he was releasing emergency oil stockpiles on an unprecedented scale and

that america's allies would do the same together our combined efforts that will

supply well over a million barrels a day nations coming together to deny putin

the ability to weaponize his energy resources against american families and

families and democracies around the world no rubles no gas and tomorrow across the

uk energy bills rise sharply we are much less dependent on russian gas than most

countries in europe but we pay the market price if russia delivers on its

threat energy bills will rise again you...