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Europe Starts Splintering in Its Response to Russia’s Threat

  • Austria’s OMV is confident Russian gas can keep flowing
  • German minister says the ball is now in Putin’s court
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Europe’s Ability to Weather a Russian Oil and Gas Ban
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Europe’s response to Russia’s threat to turn off the gas if companies don’t pay in rubles is starting to splinter.

Poland and Bulgaria have already been cut off for failing to abide by Vladimir Putin’s new terms. But Austria is confident it can keep the gas flowing and Hungary says it has no choice but to agree to Moscow’s demands. Germany appears to be pursuing a compromise and says the ball is now firmly in Putin’s court.