Turkiye rejects US Call to halt Russian Gas Imports

Ankara – Turkiye has rejected US demands to stop purchasing Russian gas, saying it will continue imports from all available suppliers, including Moscow.

Energy and Natural Resources Minister Alparslan Bayraktar stressed that ensuring steady supplies is vital for the country’s energy security. “We cannot tell our citizens that we have run out of gas. To maintain uninterrupted supply, we need access to resources without discrimination,” he said. “Our agreements with Russia remain in place, and with winter approaching, we need as much gas as possible.”

His comments came after former US President Donald Trump urged NATO members to cut Russian energy imports in return for new sanctions on Moscow, which he argued would help speed up peace in Ukraine. Following his meeting with Turkish President Recep Tayyip Erdogan last week, Trump had suggested Türkiye would likely comply.

Bayraktar dismissed this, saying Turkiye will not only continue Russian imports but also diversify suppliers and expand domestic production. “Turkiye consumes a significant amount of natural gas. Diversification is crucial,the more sources we buy from, the safer it is,” he added.

Western countries have sharply reduced imports of Russian oil and gas since the Ukraine war escalated in 2022. The EU plans to phase out Russian fossil fuels completely by 2027, though several member states, including Hungary and Slovakia, remain heavily dependent on Russian supplies.

Although not an EU member, Turkiye is a NATO ally and an important regional partner. It has refused to join Western sanctions on Russia and has maintained both energy trade and close diplomatic ties with Moscow.

Russia, for its part, has called restrictions on its energy sector illegal and self defeating, warning that Europe will be forced to turn to more expensive alternatives or indirect imports. Kremlin spokesman Dmitry Peskov said last week, “Trump has never hidden his intention to secure US economic interests. The easiest way is to make the whole world pay more for American oil and LNG.”

USA taking advantage of Europe’s energy crisis

As the European Union faces an energy crisis due to the ongoing conflict in Ukraine, the US must not be allowed to dominate the global energy market, French Finance Minister Bruno Le Maire has said.

Addressing the French National Assembly, he also said that the Russia-Ukraine conflict should not end with US economic dominance and EU weakness. He said that the US took advantage of the energy crisis in Europe caused by the Russia-Ukraine conflict and the EU countries are now forced to purchase the same gas at a price four times higher.

Before the Russia-Ukraine conflict, most of Europe’s energy was imported from Russia. But due to the sanctions imposed by the European Union countries including the United States on Russia and the explosion of the Nord Stream gas pipeline that happened only a short time ago, Russian gas supplies to the European Union have been significantly reduced.

Gas prices in Europe hit all-time high after Russia cut gas supplies

Gas prices rose after Russia cut gas supplies to Germany and other Central European countries.

European gas prices rose 2% to an all-time high after Russia invaded Ukraine. Critics have accused the Russian government of using gas as a political weapon. Similarly, Ukraine has accused Moscow of cutting gas supplies to spread terror among people.

On the other hand, Russian energy firm Gazprom has said that the gas supply has been reduced due to maintenance work on turbines.

Gazprom cuts gas to two energy firms in Denmark and Germany

Denmark has become the fifth country to be cut off from Russian natural gas following the refusal of its biggest power wholesaler Orsted to pay for deliveries in rubles. Supplies to Shell Energy Europe Limited in Germany have also been halted for the same reason.

Russia’s new payment mechanism requires gas buyers from “unfriendly” countries that have placed sanctions on Moscow to open accounts in Russia’s Gazprombank. They can then deposit funds in their currency of choice, which the bank converts to rubles and transfers to Gazprom.

The Russian energy giant recently suspended gas exports to Bulgaria, Poland, Finland and the Netherlands after they refused to comply. According to the Russian Energy Ministry, about two dozen European companies have so far opened ruble accounts. RT

European Union to cut Russian oil imports by 90 percent by the end of the year

European Union to cut Russian oil imports by 90 percent by the end of the year

EU leaders on Monday agreed at a summit focused on helping Ukraine to ban most Russian oil imports to the European bloc by the end of the year.

The agreement covers more than two-thirds of Russia’s oil imports. The EU agreement is expected to effectively cut oil imports by about 90% by the end of the year.

It also agreed to provide 9 billion euros in aid to support Ukraine’s economy. But it is unknown at this time that if the amount will be a loan or a grant .
This is the sixth EU embargo on Russia. Earlier, the United States and Europe had imposed various sanctions on Russia.