Russian energy giant Gazprom announced that it will send 42.4 million cubic meters (mmcm) of natural gas to Europe via Ukraine, Reuters reported.
In an earlier statement, the company said that it would send 42.5 mmcm. This was after Russian President Vladimir Putin threatened to halt all energy shipments to Europe if Brussels implemented its proposed plan to set the price of Russian gas.
“We will not supply gas, oil, coal, heating oil – we will not supply anything if that occurs,” he said. Europe usually imports about 40% of its gas and 30% of its oil from Russia.
This came in response to the European Commission’s proposal to cap Russian gas prices, along with measures including a mandatory EU cut in electricity use and a cap on revenue from non-gaseous power generators.