Russia halted gas supplies via Europe’s key supply route on Wednesday, intensifying an economic battle between Moscow and Brussels and raising the prospects of recession and energy rationing in some of the region’s richest countries.
“We can take gas from the storage in the winter, we are saving gas , the LNG terminals are coming, and thanks to Belgium, the Netherlands, Norway , gas is flowing,” Klaus Mueller said on Twitter. Moscow, which slashed supply via the pipeline to 40 per cent of capacity in June and to 20 per cent in July, blames maintenance issues and sanctions it says prevent the return and installation of equipment.
Russia has also stopped supplying Bulgaria, Denmark, Finland, the Netherlands and Poland, and reduced flows via other pipelines since launching what Moscow calls its “special military operation” in Ukraine. “It is something of a miracle that gas filling levels in Germany have continued to rise nonetheless,” Commerzbank analysts wrote, noting the country has so far managed to buy enough at higher prices elsewhere.
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