Canada will return repaired Russian turbines to Germany, which are needed to maintain the Nord Stream 1 natural gas pipeline – with the exception of sanctions imposed on Moscow – the country’s Ministry of Natural Resources announced today.
At the same time, the Canadian government announced that it would expand sanctions against Russia’s energy sector to include the manufacturing industry.
Russian energy giant Gazprom reduced the capacity to transport natural gas from the Nord Stream 1 pipeline to just 40% of capacity last month, citing a delay in returning equipment undergoing maintenance from Germany’s Siemens Energy to Canada.
Ukraine on Thursday expressed its opposition to the delivery of a turbine from Canada to Russia’s Gazprom to restore gas supplies to Germany, stressing that such a development would conflict with the imposition of sanctions on Russia.
Both Canada and Germany, however, do not seem to want the turbine to be an excuse for Russia to reduce the flow of natural gas through the Nord Stream 1 pipeline.
Kyiv has accused Moscow of using the gas supply as a weapon to pressure its European allies to withdraw support for Ukraine as it resists the Russian invasion that began on February 24.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
