No gas for Europe
On Monday, a top Russian official threatened to cut off Europe’s natural gas supplies in response to potential oil import bans Moscow could soon face because of the invasion of Ukraine.
“In connection with the baseless accusations against Russia … and the imposition of the Nord Stream 2 ban, we have every right to make a mirror decision and impose an embargo on the pumping of gas through the Nord Stream 1 gas pipeline, which today is loaded into the maximum level of 100%,” Russia’s Deputy Prime Minister Alexander Novak said in a televised speech about the decision by German regulators last month to stop certifying Gazprom’s second pipeline, Nord Stream 2.
Russia supplies around 40% of Europe’s gas. Germany, the bloc’s biggest economy, depends on Russia for nearly 50% of its natural gas. US Secretary of State Antony Blinken said on Sunday that the US and allies are actively exploring ways to ban Russian oil imports, which would further damage Russia’s economy as it tries to deal with economic sanctions. disabling.
The West has so far been reluctant to impose significant sanctions on Russia’s energy sector because of how it could affect the global economy, but is now moving closer to doing so as Europe works to diversify its energy sources.
Source: CNN Brasil
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