Russian Qi Company announced that he would stop supplying natural gas to Latvia

Russia's Natural Gas Industry Co., Ltd. announced on July 30 that due to Latvia's violation of the relevant terms of natural gas supply, Russia's Natural Gas Industry Co., Ltd. has stopped supplying gas to Latvia.

On the same day, Russia announced the above decision through social media, and did not explain the specific content of Latvia's violations. The day before, Latvia revealed that it successfully avoided the "ruble settlement order" to buy Russian natural gas, paying currency as the euro, not the ruble required by Russia.

Since the outbreak of Russia and Ukraine, the European Union has followed the United States to impose multiple rounds of sanctions against Russia. Russian President Putin signed a presidential order for the "unfriendly" country and region to settle the natural gas trade settlement with the "unfriendly" country and region, requiring "unfriendly" countries and regions to open an ruble account in Russian banks to pay for the purchase of natural gas, otherwise The gas supply will be suspended.

As a member of the European Union, Latvia was tough on sanctions on Russia. Latvian Prime Minister Carse has called for many times to increase sanctions and use "isolated Russian economy." After Russia issued the "ruble settlement order", Latvia stated in April to refuse to follow the implementation. Latvia also announced that it will stop importing Russia's natural gas since January 2023. About 90%of the natural gas purchased last year from Latvia came from Russia.

For a long time, European countries have highly relying on Russia's natural gas and oil supply, and the EU's anti -bulls caused by a series of sanctions initiated by the European Union have made it more embarrassed. In order to cope with the issue of energy shortage, EU member states reached an agreement on the 26th and agreed to reduce natural gas demand by 15%on the basis of the average 5 years in the past five years according to their respective measures.

Analysts pointed out that in many European countries, they encountered high temperature this summer and tried their best to store gas this winter. Russia continued to restrict the supply of natural gas, which would lead to the intensification of European "gas shortage". The EU requires that member states will be difficult to achieve at least 80%of the natural gas inventory this winter.

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