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Biden threatens to take down Russian gas supply to EU

07.12.2021

This may include adverts from us and 3rd parties based on our understanding. Biden is mulling the possibility of disconnecting Russia from the international payment system used by banks around the world as a form of sanction, as tension at the Ukraine-Russia border escalates. Russia has control over European gas supplies apparently means that Mr Putin might hit back, despite US officials view this as a deterrent. It comes after Florida Governor Ron DeSantis' press secretary Christina Pushaw replied to the news that the Biden administration was ready to use the nuclear option. She wrote on Twitter: Wouldn't Russia cut gas supply to the EU in response? Mr Putin's hand in the European energy market has already been made clear after Gazprom, Russia's state-owned gas company, reduced supplies in order to speed up the approval of the new Nord Stream 2 pipeline and avoid EU law applying to the system. Russia supplies about 40 percent of the EU's natural gas imports, and the bloc is heavily dependent on the country for its energy security. The EU is trying to deal with a crisis because of Mr Putin's gas squeeze, which saw energy prices in Europe skyrocket to record highs. In October, Russia plunged Moldova into a state of emergency as Gazprom slashed its gas supplies to only enough for 67 percent of Moldova's needs, according to Sergiy Makogon, head of Ukrainian state gas transmission operator GTSOU. Mr Biden's latest warning comes as the two leaders prepare to meet in a highly anticipated video meeting about the escalating tension with Ukraine.