Putin tells Europe: If you want gas then open Nord Stream 2

Putin tells Europe: If you want gas then open Nord Stream 2

Nord Stream 2, which lays on the bed of the Baltic Sea almost in parallel to Nord Stream 1, was built a year ago, but Germany decided not to proceed with it just days before Russia sent its troops into Ukraine on Feb 24.

European gas prices more than doubled from the start of the year amid a decline in Russian supplies.

This year’s price surge has squeezed struggling already consumers and forced some industries to halt production.

Europe has accused Russia of weaponising energy supplies in retaliation for Western sanctions imposed on Moscow over its invasion of Ukraine. Russia says the West has launched an economic war and sanctions have hampered Nord Stream 1 pipeline operations.

Russia has cut off gas supplies to several countries, including Bulgaria and Poland, because they refused to pay in roubles rather than the currency of the contract.

Russian gas giant Gazprom also said earlier this month the Nord Stream 1 pipeline, Europe’s major supply route, would remain shut as a turbine at a compressor station had an engine oil leak, sending wholesale gas prices soaring.

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