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(Bloomberg) — Russia told Poland it must pay up — today and in Russian rubles — for its gas, in a sharp escalation in the standoff between Moscow and Europe over energy supplies.
European gas prices surged as much as 17%.
Hours after a Polish news outlet reported that Russia had cut off the gas to Poland, Gazprom PJSC said payment was due today. It didn’t say what would happen if payment wasn’t made but President Vladimir Putin has previously warned that supplies would be halted if his terms weren’t met.