Russia halts propane moves via Nord Stream 1 pipeline, intensifying the pressure on Europe

It’s been an up and down several years for Gazprom. The Russian state-owned power business has been hit by Western sanctions resulting from the Ukraine conflict. Its market part within European countries is slipping. In an effort to recover the ground lost, Gazprom was forced to cut the flow of gas by Nord Stream 1, claiming technical issues such as for instance fix of gear. This has created dilemmas for Europe that is highly dependent on Russian gasoline. The very best leaders of Europe have brought costs against Moscow that it uses gas interruptions to retaliate against Western sanctions. Gazprom had warned in August that the pipeline that carries gas from Russia towards Germany ended up being planned to be shut during maintenance for three consecutive times.

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This article is contributed by Guestomatic.

Jasper James
Jasper James
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