Looks like Russia just upped the ante - wondering how the greens are going to react.
From Reuters:
Russia's Gazprom tells Europe gas halt beyond its control
Russia's Gazprom has told customers in Europe it cannot guarantee gas supplies because of 'extraordinary' circumstances, according to a letter seen by Reuters, upping the ante in an economic tit-for-tat with the West over Moscow's invasion of Ukraine.
Dated July 14, the letter from the Russian state gas monopoly, said it was declaring force majeure on supplies, starting from June 14.
Known as an 'act of God' clause, force majeure is standard in business contracts and spells out extreme circumstances that excuse a party from their legal obligations.
Looks like Germany is going to be hurting this winter:
Uniper, Germany's biggest importer of Russian gas, was among the customers who said they had received a letter, and that it had formally rejected the claim as unjustified.
RWE, Germany's largest power producer and another importer of Russian gas, also said it has received a force majeure notice.
More at the site. The west is playing "tough" with Russia - their proxy war in Ukraine, the economic sanctions, etc... Now Russia has their nuts in a vice. Who blinks first. Europe and Germany especially was selling green energy as the next big thing. Now? Epic fail.
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