Home / Market Update / Russia Threatens to Cut Off Gas Supplies Via Nord Stream 1

Russia Threatens to Cut Off Gas Supplies Via Nord Stream 1

Russian President Vladimir Putin told German Chancellor Olaf Scholz in a call on Friday that while Russia is open for

Russian Deputy Prime Minister Alexander Novak said on Monday that Russia may cut off gas supplies via the Nord Stream1 pipeline to Germany, but so far has not taken such a decision.

“In connection with the baseless accusations against Russia regarding the energy crisis in Europe and the imposition of a ban on Nord Stream 2, we have every right to take a similar decision and to impose a ban on the pumping of gas through the Nord Stream 1 pipeline,” Novak said in a statement broadcast on Russian television. “

“But so far we have not taken such a decision,” he said.

Check Also

Sterling Rebounds Following Softer US PCE Data

The Pound Sterling bounces back strongly above 1.3400 against the US Dollar after soft US …