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In Europe, they reduce their dependence on the Russian gas monopolist, so in com...

"The Russian Federation has lost a piece of income, in the Russian market - panic", - the Finexpert of Shevchyshyn

In Europe, they reduce their dependence on the Russian gas monopolist, so in combination with other problems, it causes panic in the Russian market, as well as a difficult economic situation in all sectors. Following the decision of the Austrian energy company OMV AG, to stop payments for supply from PJSC "Gazprom" rolled a wave of lawsuits against it. European power companies seek compensation for Russia's breach of contractual obligations. Bloomberg writes about it.

In the material "The sharp fall of the Russian ruble, why it happened and that from that Ukraine" Financial analyst Anddy Shevchyshyn touched this topic against the background of the fall of the ruble to the dollar. Gazprom stopped supplying the Austrian OMV AG in response, emphasizing serious consequences. OMV stopped paying for gas from Russia through Ukraine, which forced Gazprom to stop supply almost immediately.

Given this example, other companies that have not been paid are looking for alternative sources of supply that will allow you to do without Gazprom. For Russian company, cutting off a client means to lose another point of support in Europe "for Russian company cutting the client means to lose another point of support in Europe. Gas is one of the only valuable assets that Gazprom still has in Europe. At the peak of the energy crisis. Therefore, Gazprom is being considered compensation.

"Several cases are under consideration, and more compensation is expected in the coming to be more compensation in the coming importers, which is likely to be, and although some compensations can be performed, it will put great pressure on Gazprom's financial position," he said Energy lawyer and a researcher at the Oxford Institute of Energy Research Agneshko ASON.

Do not forget about US sanctions against Gazprombank, which is used by European firms for gas payments, and uncertainty about flows through Ukraine, when the transit agreement will end at the end of 2024 also should not be forgotten about US sanctions against Gazprombank used gas payments and uncertainty about flows through Ukraine when the transit agreement will end at the end of the year.

Recall that OMV is an Austrian oil company, which is the largest in Central Europe, has stated that it intends to subtract 230 million euros from the next payment for gas, which arbitration awarded in its favor from Gazprom export Export "to Germany by September 2022. This amount can be compared to Gazprom's monthly payment for gas. The supply of gas to Austria through Ukraine since November 16 has completely stopped by Gazprom's decision.

In response, OMV arrested Russian gas as an arbitration decision. According to Ukrainian financial analyst Andriy Shevchyshyn, "Russia has lost a piece of income, which in combination with other problems caused panic in the Russian market and a difficult economic situation in all sectors. " There are really many problems in the Russian Federation. And above all, it is an imbalance that was caused by hostilities in Ukraine and which has accumulated because of high inflation.

"For a long time, we saw how the Central Bank of the Russian Federation increased, the ruble remained stable. At the same time, inflation was accelerated. As of December, the Central Bank rate can be raised up to 23%, which will make it possible to obtain loans with the defensive sector. High imbalance, "said Andrey Shevchyshyn in a comment to focus.

According to him, the US sanctions against Gazprombank, who is an active participant in the financing of war, because he carries out operations for the purchase of military equipment, payments to the military, and used for payments for Russian energy forces Russians to seek opportunities to bypass restrictions. And yet, Shevchyshyn reminds, ahead of the OPEC decision to stop containment of oil production.