A deal on Friday was signed between the Russians and the Ukrainians allowing safe passage of ships carrying grains across the Black Sea in which Russia would ease the naval blockade and not attack the ships. However, resorted to carrying out cruise missile strikes on the port of Odessa
Russia has cut down its gas supplies to countries that have sanctioned it after it declared the special military operation. Vladimir Putin had also warned about a global energy price crisis if the west sanctioned Russia.
The Russian energy giant Gazprom said that the gas supplies will drop down to 33 million cubic metres from Wednesday, 27th July on the Nord Stream 1 underwater pipeline. This is half of that of the current supply and flows and 40% of the normal flow.
Before the initiation of the special military operation by the Kremlin, Europe imported 40% of its gas and 30% of its oil needs from Russia.
Russia states the disruption of supply is due to maintenance issues and sanctions by the west. Germany said that it saw no technical reason for the latest disruption in the flow.
Ukrainian President, Volodymyr Zelenskyy has warned Europe that Russia was waging an “open gas war” against Europe.
Politicians in Europe and the EU have expressed concern about Russia cutting down gas supplies in winter. When it is needed the most as this gas is used for heating homes, commercial spaces and generation of electricity. This could throw much of the continent into darkness and cold and lead to a rise in inflation.