SoylentNews is people
SoylentNews
Arthur T Knackerbracket has processed the following story:
Russia’s Gazprom has told customers in Europe that it cannot guarantee gas supplies because of “extraordinary” circumstances, according to a letter seen by the Reuters news agency, upping the ante in an economic tit-for-tat with the West over Moscow’s invasion of Ukraine.
The Russian state gas monopoly said in a letter dated July 14 that it was retroactively declaring force majeure on supplies from June 14. The news comes as Nord Stream 1 (NS1), the key pipeline delivering Russian gas to Germany and beyond, is undergoing 10 days of annual maintenance scheduled to conclude on Thursday.
The letter added to fears in Europe that Moscow may not restart the pipeline at the end of the maintenance period in retaliation for sanctions imposed on Russia over the war in Ukraine, heightening an energy crisis that risks tipping the region into recession.
Known as an “act of God” clause, force majeure is standard in business contracts and defines extreme circumstances that release a party from their legal obligations. The declaration does not necessarily mean that Gazprom will stop deliveries, rather that it should not be held responsible if it fails to meet contract terms.
[...] Russian gas supplies have been declining via major routes for some months, including via Ukraine and Belarus as well as through the Nord Stream 1 pipeline under the Baltic Sea.
[...] The grace period for payments on two of Gazprom’s international bonds expires on July 19, and if foreign creditors are not paid by then the company will be technically in default.
(Score: 2, Insightful) by Anonymous Coward on Thursday July 21 2022, @05:22PM (1 child)
We'll cross that bridge when we get to the river.
Mark my words: As long as Putin is alive, there will be no peace. You can't reason or negociate with a mad man, which is exactly what Putin is. However, that's probably not the case of all his entourage. Remember, he's just one man. One 70+ year old man who's defective psychopathic brain is stuck in the soviet era, when his sole reason for existence was to protect the integrity of the Soviet Union, at all cost. And that's what he's been trying to recreate for decades now. He will not stop until he's dead.
Once he's gone, his entourage will be more inclined to stop a bloodshed that is benefiting no one, sit at the negociation table, and solve this through diplomatic means. Russia, as a country, has legitimate grievances, but none of them justify slaughtering inocent civilians by the thousands.
(Score: -1, Troll) by Anonymous Coward on Friday July 22 2022, @10:22PM
lmao! as if it;'s Putin's fault that The Jew won't be satisfied until all White Russians are dead.. They are so powerful Putin can't even name The Jew. he calls them "oligarch traitors", etc. While dumb Americans allow congress to send Billions to kill Whites in this contrived White genocidal war. The race traitors in congress even gave that subversive jew Zelenski a standing ovation. Pitiful cucks.