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Stock Market Updates: Live Business News

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Credit…Agencja Gazeta/Reuters

Gazprom’s announcement on Tuesday that it would suspend natural gas supplies to Poland and Bulgaria is not likely to have a major impact on the overall European gas market, analysts say. But it comes as a warning that further, more serious cutoffs of fuel from Russia could be in the offing as the war in Ukraine grinds on.

The move “increases the risk of other early terminations for other European contracts,” wrote Giacomo Romeo, an analyst at Jefferies, an investment bank, in a comment.

The cutoff is the first suspension of supplies to European countries since the war in Ukraine began in late February. Gazprom, the Russian gas monopoly, said in a statement that it was acting because the Bulgarian and Polish gas companies had not met President Vladimir V. Putin’s demands that they pay…

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