Triple Threat? Russia Halts Coal Exports To Ukraine, Cancels Power Auction Amid Gas Crisis
For months, critics have accused Russia of withholding additional natural-gas shipments to Europe via Ukraine in order to pressure Brussels to fast-track its new Baltic Sea export pipeline, Nord Stream 2.
Once it receives final approvals, the pipeline to Germany will enable Russia to reroute gas exports to Europe around Ukraine, depriving the cash-strapped country of billions of dollars a year in transit fees.