Europe could solve its energy crisis by scrapping sanctions against Russia and launching the mothballed Nord Stream 2 gas pipeline, the speaker of Russia’s lower house of parliament said on Friday.
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Germany halted the Nord Stream 2 Baltic Sea gas pipeline project on Feb. 22, just two days before Russia sent its troops into Ukraine in what it calls a special military operation, and after the Kremlin formally recognised two breakaway regions in eastern Ukraine.
Some Europeans have been voluntarily cutting their energy consumption, including limiting their use of electrical appliances and showering at work to save money, while companies are bracing for possible rationing.
Duma speaker Vyacheslav Volodin, an ally of President Vladimir Putin, said energy security is impossible without Russia.
The moment of truth has come for European leaders. They have two ways out of the situation they have created for themselves, he wrote on Telegram.
Europe’s Energy Crisis Deepens After Russia Keeps Pipeline Shut
The euro has dropped to a fresh 20-year low against the dollar after Russia’s decision to shut a major gas pipeline to Europe intensified the region’s energy crisis.
The common currency fell as much as 0.7 per cent to $0.988 in London trading, the lowest level since 2002. European stocks also fell, with the regional Stoxx 600 index down 1 per cent, Germany’s Dax off 1.7 per cent and France’s Cac 40 down 1.8 per cent. London’s FTSE 100 slipped 0.7 per cent.
In energy markets, Dutch TTF gas futures, the benchmark European contract, jumped 30 per cent to €272 per megawatt hour, rising back towards all-time highs hit above €340 just under two weeks ago.
European countries — including Sweden, Finland and Germany — scrambled over the weekend to respond to Russia’s “weaponisation” of energy supplies and offer financial support to businesses and consumers.
Liz Truss, who is expected to be confirmed Britain’s new prime minister later today, is expected to unveil a new package of measures to help families and business cope with soaring energy bills within days of taking office.
The latest spike in energy prices follows Russia’s decision on Friday after markets closed to indefinitely suspend natural gas flows through the Nordstream 1 pipeline, the main energy supply channel from Russia to European markets. State-owned Gazprom said the suspension was due to a technical fault.
Russia’s announcement came just hours after G7 countries announced plans to move ahead with a price cap on Russian oil exports in an attempt to reduce revenues flowing to Moscow that could be used to fund its war in Ukraine.
6 Comments
Hahaha🤣🤣🤣🤣
Europe should seriously consider opening the NordStream2 and end this massive speculation , shorts, margin calls and derivatives that will bankrupt Europe by design.
Equinor has told EU Governments that at least € 1.5 trillion in margin calls must be covered , this means these algorithms were designed and implemented a long time ago . The Asset Managers got to Zelenskiy: Instead of Peace with Russia, bomb the Donbass ( OSCE Reports) , start War , Oil & Gas goes to € 100 -140 a barrel, Europe must borrow from Asset Managers to pay for their Oil & Gas until they go bankrupt, and they take control. EU must find Men & Woman to start Criminal Investigation.
The EU get exactly what the stupid EU politicians including the European Council as well has created with their stupid indoctrinated political activism and sanctions against Russia: economic and social disaster in the EU👎👎👎.
These stupid EU politicians should immidiately leave their office – they are completely incompetent to serve us, the people in the EU!👎👎👎
As a uk citizen i want to say sorry for lizz truss outright unrighteousness threat of a global inhalation using nukes.
We are humans, brothers and sisters in Yahwehism, unless you are of rhe fallen & nephilim spirit.
We not all jews, but we are all Hebrew, vast % of Russia, Scythia, Asia, and Europe is of the line of Japheth, iz'ra-el, Africa, Ethiopia, USA (Noah flood was pre continental drift) middle and south Americas Shem.
Both Japheth (the oldest yahewest brother) and Shem was blessed by Noah, but Ham stole Noah's snake skin, and begot cush, and begot Nimrod who was given the snake skin.
Y5783
5 Behold
7 Crown
8 Life
3 Noah (Father of 3 sons) "as was the days of Noah"
Y5784
4 = Creation
Stop pouring weapons and EU taxpayers money in to the terrible blackhole, the war in Ukraine – those just prolong the suffering and destruction in Ukraine as well as for us the economical and social disaster in the EU!
Start peace negotioations with Russia how to solve all the economical and geopolitital conflicts.
The EU Pinocchio Channel 🙆🤦🤣🤣🤣🤣🤣