Russian energy contracts now meaningless

‘’Russia’s move to breach its contracts and cut off gas supplies to Poland and Bulgaria makes it agonizingly clear Putin is willing to weaponize Europe’s energy supply. Being this vulnerable to the whims of an increasingly volatile dictator is unsustainable.

Fossil fuel majors and commodity traders who have continued trading in Russian fossil fuels, claiming that they are forced to do so by their long-term contracts, should take note of the value of the agreements they hold with Russian entities. Russia is willing to tear up these contracts to support their own war effort, yet European companies supposedly feel compelled to continue financing war crimes out of respect for them.

The corporate enablers of this deadly trade have shown they will stop at nothing to continue profiting from Russia’s blood oil. It is up to European governments to decide whether they will continue to finance Putin’s war and leave millions of Europeans at the mercy of a dictator, or sanction Russian energy imports, tax energy company profits and put the renewable transition on a war footing.

This is a major opportunity for Europe to break free from the deadly grip of fossil fuels once and for all. Ending Russian energy imports is not just an act of solidarity with the Ukrainian people, but of clear and immediate self-preservation’’.