The European Commission considered that “the closure of Nord Stream 1 by the Russian company Gazprom under false pretenses is further confirmation that it is an unreliable supplier”, and considered this action “evidence of Russia’s disrespect and preference for gas flaring instead of respect signed contracts.”
And the giant Gazprom today announced that “gas pumping to Europe via Nord Stream 1 has been completely and indefinitely stopped due to a turbine breakdown,” explaining that “Siemens has been informed of the need to fix it.”
Notably, the Russian Presidency (Kremlin) has previously threatened that “Moscow will stop selling oil to countries that set a ceiling on the price of Russian oil”, noting that “setting a ceiling on the price of Russian oil will stop the sale of oil”. oil to countries that set a price ceiling for Russian oil. Russian oil will lead to great tension in the global energy market.” And she said that “Russian oil, which will not go to Europe, will go in alternative directions for countries that work on market conditions.”
Then today the G-7 returned and announced that they would “immediately introduce a ceiling on the price of Russian oil” and called on a “broad coalition” of countries to take part in setting a ceiling on the price of Russian oil.
The finance ministers of the seven countries said in a statement that “the price ceiling will be set at a level based on a set of technical data, and the alliance will make a full decision before putting it into practice.” that prices in the future “will be publicly determined in a clear and transparent manner”.
Source: El Nashra