The Russian President Vladimir Putindeclared on Wednesday that “Nord stream 1 is practically closed”, adding that “we can start the Nord Stream 2 pipeline if necessary”.
Featured Comments
“Proposals to limit Russian gas prices are stupid, they will lead to increased prices“.
“Gazprom is interested in long-term gas sales contracts.”
“Nord Stream 1’s last operational turbine is out of service.”
“We will resume flows from Nord Stream 1 if they bring the turbine back.”
“We are working on the construction of new pipelines to transport gas, some of which go through Mongolia to China.”
Market reaction
The EUR/USD holding recovery gains above 0.9900, quoting above 0.9915, up 0.16% on the day at time of writing.
Source: Fx Street
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