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Explained: What is Gazprom and what makes it so powerful?

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Explained: What is Gazprom and what makes it so powerful?

Europe is on edge, following Gazprom’s vitality transfer.

The vitality large has already diminished fuel flows to 12 EU nations, both partially or fully. Dwindling provides are sending costs hovering and pushing the financial system nearer to a recession.

Gazprom’s strikes, normally justified beneath questionable technical concerns, has raised accusations the corporate is immediately following the Kremlin’s lead and serving as a retaliatory software to make the EU pay the worth for the sanctions imposed on Russia for the reason that onset of the Ukraine struggle.

Whereas the bloc goes to nice lengths to maneuver away from Russian fossil fuels, world markets are too tight and Gazprom’s grip continues to be too robust.

Governments are already getting ready its corporations and residents for a worst-case state of affairs the place Russian fuel vanishes in a single day and rationing is launched.

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So, what makes Gazprom so highly effective?

Watch the video above to seek out out.

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US planes, cars, drinks on EU list for potential tariffs

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US planes, cars, drinks on EU list for potential tariffs
Aircraft, machinery, cars, chemicals and medical devices are the leading big-ticket items on the latest list of U.S. goods the European Commission has proposed to impose tariffs on if talks with Washington do not yield an agreement on trade.
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Putin mum on Trump's 50-day ultimatum, Kremlin officials claim Russia 'didn't care'

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Putin mum on Trump's 50-day ultimatum, Kremlin officials claim Russia 'didn't care'

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Russian President Vladimir Putin has yet to publicly respond to the 50-day ultimatum President Donald Trump issued him, though one top official on Tuesday suggested that Moscow “didn’t care.”

Deputy Chair of Russia’s security council and former Russian President Dmitry Medvedev took to X to express the Kremlin’s first reaction to the joint announcement by Trump and NATO Secretary General Mark Rutte that Putin has 50 days to end its war in Ukraine or face 100% tariffs. 

President Donald Trump, right, and Mark Rutte, secretary general of the North Atlantic Treaty Organization, shake hands during a meeting in the Oval Office of the White House in Washington, D.C., on Monday, July 14, 2025. (Yuri Gripas/Abaca/Bloomberg via Getty Images)

TRUMP, RUTTE ANNOUNCE ‘REALLY BIG’ NATO ARMS PACKAGE AMID NEW 50 DAY DEADLINE TO PUTIN

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“Trump issued a theatrical ultimatum to the Kremlin. The world shuddered, expecting the consequences,” Medvedev said. “Belligerent Europe was disappointed. 

“Russia didn’t care,” he added. 

Reactions to Trump’s latest frustration with Putin were mixed, as Rutte championed the move as “logical,” though top European Union officials suggested the move lacked teeth this far into the war. 

“On the one hand, it is very positive that President Trump is taking a strong stance on Russia. On the other hand, 50 days is a very long time if we see that they are killing innocent civilians, also every day,” the EU’s chief diplomat Kaja Kallas told reporters from Brussels when asked about the president’s announcement.

Putin, Medvedev

Russian President Vladimir Putin, left, and then Prime Minister Dmitry Medvedev arrive to the Red Square Victory Day Parade on May 9, 2019 in Moscow. (Mikhail Svetlov/Getty Images)

“It is clear that we all need to put more pressure on Russia so that they would also want peace,” she added. “It is good that the Americans are making the steps, and I hope that they are also giving military aid like Europeans are giving.”

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TRUMP REVEALS MELANIA’S KEY ROLE IN DEALING WITH PUTIN ON UKRAINE WAR

Kyiv Mayor Vitali Klitschko also questioned the effectiveness of the move and told German news outlet ARD that “I’m happy about the wave of support from the U.S.”

“But on the other hand, I do not understand why Kremlin leader Vladimir Putin is being given 50 days,” he added, according to a translation by Ukrainian media outlets, Kyiv Independent. 

“In 50 days, many more people could be killed in the capital and, throughout Ukraine, many more buildings could be damaged,” he said. “Therefore, why such a delay?”

Damage in Kyiv due to shelling

Kyiv Mayor Vitali Klitschko holds people away from a five-story residential building that partially collapsed after a shelling in Kyiv, Ukraine, on March 18, 2022. (Photo by SERGEI SUPINSKY/AFP via Getty Images)

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Trump told reporters on Monday that he was frustrated by Putin’s lack of action when it came to stopping his war in Ukraine despite four separate occasions when the president thought a deal had been reached with the Kremlin chief.

“I speak to him a lot about getting this thing done, and I always hang up saying, ‘Well, that was a nice phone call,’ and then missiles are launched into Kyiv or some other city, and I’d say ‘strange,’” Trump said, recounting his conversations with Putin.

“And after that happens three or four times, you say, the talk doesn’t mean anything.”

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Slovakia demands exemption to drop veto on EU Russia sanctions

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Slovakia demands exemption to drop veto on EU Russia sanctions
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Slovak Prime Minister Robert Fico threw down the gauntlet on Tuesday when he openly demanded a legal exemption to continue buying Russian gas until 2034 in exchange for lifting his veto on the new package of European Union sanctions against Russia, which the bloc is eager to approve to tighten the screws on the Kremlin.

The take-it-or-leave-it request raises serious questions on whether the political deadlock can be broken this week, as diplomats had hoped.

“The best solution to the situation would be to grant Slovakia an exemption allowing it to fulfill its contract with Russian Gazprom until it expires in 2034 – something the European Commission currently rejects on principle, arguing that approving such a proposal would undermine the essence of the anti-Russian sanctions,” Fico wrote on social media.

Slovakia’s opposition does not relate to the sanctions themselves but to the phase-out of Russian fossil fuels by the end of 2027. Energy imports are considered a fundamental source of revenue to finance the war of aggression against Ukraine.

The European Commission unveiled the roadmap in May and presented the draft legislation in June, based on gradual bans on short-term and long-term gas contracts.

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As a landlocked country, Slovakia has vociferously protested the plan, warning it would raise prices for consumers, weaken competitiveness and endanger energy security.

Since the phase-out is subject to a qualified majority, Fico has resorted to sanctions, which require unanimity, to extract concessions from Brussels.

Tensions began rising last month during an EU summit, when Fico made a series of demands for financial compensation that were not met.

The prime minister says his country risks facing a lawsuit from Gazprom, Russia’s gas monopoly, worth between €16 and €20 billion due to the termination of its long-term contract. The Commission contests this thinking by arguing that the legal bans will act as “force majeure” in court and protect governments and companies against damages.

The impasse intensified technical dialogue between Bratislava and Brussels, with a focus on solutions to diversify Slovakia’s energy mix away from Russia, strengthen connections to neighbouring countries and mitigate price volatility.

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Fico welcomed the outreach as “constructive” but held his ground, causing German Chancellor Friderich Merz and Polish Prime Minister Donald Tusk to intervene.

Ursula von der Leyen, the president of the European Commission, also became involved.

On Tuesday, von der Leyen sent Fico a three-page letter with reassurances about the implementation of the phase-out, including the possible deployment of state aid and EU funds to “compensate the negative impacts for households and industry”.

Von der Leyen also promised to clarify the criteria to trigger the “emergency break” and temporarily suspend the application of the gas bans in case of “extreme price spikes”.

The letter does not speak of a tailor-made exemption or financial envelope for Slovakia.

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“We have been working closely wth member states most directly concerned, notably Slovakia, to ensure that the EU-wide phase-out of Russian energy imports will be gradual and well-coordinated across the Union,” von der Leyen wrote.

According to Fico, who posted the entire confidential letter on his social media, von der Leyen’s offer was flat-out rejected by his coalition partners.

“Their response is that the Commission’s guarantees to Slovakia are insufficient – some even described them as NOTHING,” he said.

“The representative of the Slovak Republic has been instructed to request a postponement of the vote on the 18th sanctions package.”

In Brussels, High Representative Kaja Kallas expressed her disappointment at the veto and wondered if domestic politics factored in Fico’s decision-making.

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“These negotiations have been going for quite some time,” she said at the end of a meeting of foreign affairs ministers. “If your sensitivities are addressed, I think it’s important that you don’t present anything on top of it.”

Kallas said technical discussions would continue on Wednesday with the hope of achieving a deal before the end of the week.

“I’m optimistic and still hopeful that we will reach a decision tomorrow,” she said.

“We have 27 different democracies with 27 different public opinions and oppositions as well, so we need to navigate that process.”

Fico’s stated desire to continue buying Russian gas might soon clash with the White House’s foreign agenda. Donald Trump has threatened to impose “severe tariffs” on Russia and its trading partners if no progress towards peace is made in 50 days.

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