Damage Control begins:
As 'rumors' of European sanctions against Russia's major oil energy firms are leaked strawman-like to the market and expected to be enacted as soon as tomorrow, it appears there is a 'glitch' in the union. The FT's Peter Spiegel reports that one country is holding out on EU sanctions and that is the reason for an emergency unscheduled meeting of EU diplomats this evening.
- *EU DIPLOMATS SAID TO MEET LATER TODAY ON RUSSIA SANCTIONS PLAN
- *EU DIPLOMATS SAID TO MEET 6PM CET ON RUSSIA SANCTIONS ENACTMENT
- *EU DIPLOMATIC MEETING ON RUSSIA SANCTIONS WAS UNSCHEDULED
* * *
While it is unclear which country it is, something tells us its name begins with an 'A' and ends in 'ustria'...
Or starts with 'S' and ends in 'lovakia'... As despite their bravado that ".. they will survive" the concerns over Russia suspending shipments through the nation as well as Ukraine is perhaps too risky for the fragile nation:
Probability that Russia’s Gazprom will suspend gas transport to Europe through Ukrainian pipelines early next yr "quite high," early Slovak PM Robert Fico says in TV debate on TA3 news channel.
"I'm not worried. The suspension can't last long enough that we wouldn't survive. We have gas in storage for many months, and there are reverse flows from West."