Georgy Borisenko, Russia's ambassador to Cairo, announced that his country would stop pumping gas to Europe if sanctions were applied to Moscow.
According to Arabiya Net, Borisenko's statement is the first official statement threatening the use of gas in the war in Eastern Europe, as Europe is heavily dependent on Russian gas by up to 35% on average, but some European countries depend up to 100% on Russian gas, while Germany depends on 50% of this gas.
This comes at a time when sanctions are intensifying against Russia and the economic embargo it is facing from countries around the world after its invasion of Ukrainian lands.
The latest of these sanctions is the announcement by South Korea and Singapore of their intention to apply sanctions against Russia, including banning the sale of strategic products to Moscow and preventing it from using the SWIFT global system.
The Russian ruble fell more than 41% against the dollar, in the first trading, on Monday, after Western countries announced the isolation of major banks in Russia from the Swift network.
The dollar has risen so far this month by 53.77%, against the ruble.
Western countries announced the imposition of new sanctions against Russia during the past hours, with the aim of isolating and excluding dozens of Russian banks from the global financial SWIFT system, after severe sanctions against them following the Russian-Ukrainian conflict. .
A high-ranking US official considered that these sanctions would make Russia a pariah and paralyzed, as he put it.
This remittance financial system is used by more than 11,000 financial institutions in more than 200 countries around the world.
