Reported 2 days ago
An Austrian utility's decision to cease payments to Gazprom PJSC could lead to similar actions across Europe as countries aim to lessen their reliance on Russian gas. This move has already resulted in Gazprom halting gas supplies to Austria, and legal experts suggest it may encourage other companies to pursue compensation for losses since Gazprom reduced deliveries in 2022. The situation highlights the complexities faced by European firms amid ongoing sanctions and the uncertainty surrounding gas flows through Ukraine, while Gazprom’s financial stability hangs in the balance.
Source: YAHOO