Advertisement
Singapore markets closed
  • Straits Times Index

    3,224.01
    -27.70 (-0.85%)
     
  • Nikkei

    40,369.44
    +201.37 (+0.50%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Bitcoin USD

    70,065.98
    -392.84 (-0.56%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • Dow

    39,807.37
    +47.29 (+0.12%)
     
  • Nasdaq

    16,379.46
    -20.06 (-0.12%)
     
  • Gold

    2,254.80
    +16.40 (+0.73%)
     
  • Crude Oil

    83.11
    -0.06 (-0.07%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • FTSE Bursa Malaysia

    1,536.07
    +5.47 (+0.36%)
     
  • Jakarta Composite Index

    7,288.81
    -21.28 (-0.29%)
     
  • PSE Index

    6,903.53
    +5.36 (+0.08%)
     

EU official against cutting Russia gas ties

Report: senior EU official opposes cutting back on Russian gas soon but sees need to diversify

BERLIN (AP) -- A senior European Union official says he opposes cutting back gas ties with Russia in the next few years but the bloc should work on diversifying supplies.

Russia is a major European gas supplier, and mounting tensions over Ukraine have raised concerns about possible disruption.

In an interview with Germany's Welt am Sonntag newspaper, EU Energy Commissioner Guenther Oettinger conceded there's a risk of Russia cutting supplies to Ukraine, an important transit country, over unpaid bills.

However, Oettinger was quoted Saturday as saying: "We agree that the gas sector should not be a priority in possible economic sanctions — whether on the European or Russian side."

He says he's "against reducing or even breaking off gas relations with Russia in the coming years. However, we must pursue our diversification strategy."