Friday, August 29, 2008

Russia may cut off oil flow to the West

Russia may cut off oil flow to the West

By Ambrose Evans-Pritchard
The Telegraph, 29/08/2008

Fears are mounting that Russia may restrict oil deliveries to Western Europe over coming days, in response to the threat of EU
sanctions and Nato naval actions in the Black Sea.

Any such move would be a dramatic escalation of the Georgia crisis and play havoc with the oil markets.

Reports have begun to circulate in Moscow that Russian oil companies are under orders from the Kremlin to prepare for a supply
cut to Germany and Poland through the Druzhba (Friendship) pipeline. It is believed that executives from lead-producer LUK oil have
been put on weekend alert.


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