Economist Podcasts Pipe down: Russia cuts gas to Poland and Bulgaria
Apr 28, 2022
Henry Kerr, Economics editor at The Economist, analyzes the serious implications of Russia cutting gas supplies to Poland and Bulgaria, probing the potential for European sanctions and the geopolitical consequences. Charlie McCann, Southeast Asia correspondent, discusses the political landscape in Singapore, highlighting the selection of Lawrence Wong as the likely next prime minister and the ruling party's shift toward a more relatable leadership. The episode also touches on the significance of the delayed Art Biennale in Venice amidst these tensions.
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Russia's Gas Cut-Off
- Russia halted gas to Poland and Bulgaria, escalating economic tensions.
- This aggressive move is Russia's strongest economic sanction against the West to date.
Ruble Payment Demand
- Russia's ruble payment demand likely aims to bypass sanctions.
- Poland and Bulgaria's non-compliance triggered the gas cut-off.
Impact on Poland and Bulgaria
- Poland and Bulgaria can likely withstand the gas cut, especially with decreasing summer demand.
- Alternative pipelines from Norway and Greece will further reduce reliance on Russian gas.