Blaming MSM is yet another Hail Mary pass.
It's an easy freebee to blame media either, also, only, or mostly. It's habitual.
Glib.
You're just going to have to tough it out. At least it ain't the Blitz izzit. So be thankful for the little things, like not being Ukrainian these dayze where blood, sweat and tears are common virtues. Still, there something to be said for the courageous Ukrainians, and it's being said.
Gazprom: UK customers face challenges to break ties
Contract law puts businesses and councils trying to do the right thing in a sticky spot: they must face high fees, the cost of a new contract and a potential breach of procurement law – or be seen as financing war.
Neither does UK get lots of this white stuff along with concomitant temperatures.
- The reliance of thousands of UK businesses and councils on Russian gas is evidence of the gaps inherent in sanctions regimes in the age of globalisation.
- UK commercial customers are heavily reliant on Gazprom and face hefty exit fees to leave these contracts, which the government has encouraged them to do.
- They say they need more government support, including potential full-scale sanctions on Gazprom – which ministers appear reluctant to do.
Russian gas supplier Gazprom’s local arm, UK Gazprom Marketing & Trading Retail, is the largest non-domestic supplier of gas to businesses and public bodies. With thousands of contracts across the country, its customers include McDonald’s, Siemens, Domino’s Pizza, as well as dozens of local authorities, schools and universities. Its market share was 22% and it supplied gas to 178,000 sites, with contracts worth approximately £4bn, based on Capital Monitor estimates. To date, UK government ministers have blocked Gazprom Marketing & Trading Retail from raising capital on UK markets, sanctioned its chief executive, and have encouraged its clients to end existing contracts as soon as possible.
But exiting contracts is where it gets tricky. Many clients are struggling to do so through a combination of expensive break clauses, government regulations, and the extraordinarily high cost of taking on a new contracts amid a global gas crisis. This all puts local authorities and businesses wanting to do the right thing in a tight spot. The situation is further complicated by rumours Gazprom’s UK subsidiary is on the brink of administration – the UK government is reportedly considering nationalisation – as customers turn their backs.
Contract law put British-based businesses and councils trying to do the right thing in exiting Gazprom contracts.
capitalmonitor.ai
Looks like the government will have to suck it up for something like 5bn.
It's called decoupling, given the Kremlin weaponises everything it can get its hands on. So you gotta do what you gotta do. Indeed, this is no time for the faint of heart.