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European Union Folds to Putin, Authorizes Imports of Russian Natural Gas

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The has folded to Russian President and is now authorizing of Russian national gas, which has helped to alleviate a price spike.

The European Commission is set to release a guidance telling European nations how to buy gas from as a work-around of sanctions imposed against Russia. This satisfies the demands issued by Putin, who has used his economic leverage to undermine Western attacks against Russia and her people.

European countries are expected to set up accounts in Gazprombank, a large Russian-based bank, in order to do business with the Russians and pay for their desperately-needed energy. The EU is considering setting a cap on gas prices if Russia restricts energy shipments, according to a draft of the proposal obtained by Bloomberg

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