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Tassia Sipahutar
Good morning. Russia is making good on its gas threat, Tesla shares sink, U.K. and U.S. seeking closer trade ties, and YouTube stung by TikTok rivalry. Here’s what people are talking about.
Russia will cut off the gas to Poland and Bulgaria in a major escalation in the standoff between Moscow and Europe over energy supplies and the war in Ukraine. Moscow is making good on a threat to halt gas flows to countries that refuse President Vladimir Putin’s demand to pay for the fuel in rubles. The European Union has rejected the move in principle but now payment deadlines are starting to fall due, governments across Europe need to decide whether to accept Putin’s terms or lose crucial supplies — and face the prospect of energy rationing. European gas prices surged as much as 17%.
