Russia Just Made A Bold Move To Keep Its Gas Leverage On Europe

The European Union's energy chief said that this would hurt Russia's reputation as a supplier, and the European Commission's VP for energy union said that the decision makes no economic sense, according to Bloomberg.

However, the move makes sense when considering that Russia has been increasingly losing its control over the European gas market after changes in European policy and warmer winters.

Now Europe will be forced to link up to Russia's planned energy pipeline to Turkey — or it will lose Russian gas.

"Our European partners have been informed of this and now their task is to create the necessary gas transport infrastructure from the Greek and Turkish border," Miller added in a Gazprom statement .... http://www.businessinsider.com