MOSCOW (AP) — Russian President Vladimir Putin said Tuesday it is the West’s own fault that the flow of Russian natural gas to European customers has dwindled…
Putin’s statement further cranked up pressure on the European Union, which fears Russia could cut off gas to wreak economic and political havoc in Europe in the winter.
He added that Russia could launch the recently completed Nord Stream 2 pipeline that has never entered service, but noted that it would only have half of its designated capacity because the rest has been used for domestic needs. “We are hearing some crazy ideas about restricting the volumes of Russian oil and capping the Russian oil price,” he said. “The result will be the same — a rise in prices. Prices will skyrocket.”
However, Russia’s Gazprom state-controlled natural gas giant reduced gas deliveries through the Nord Stream 1 pipeline to Germany by 60% last month, citing technical problems after a turbine that Siemens sent to Canada for overhaul couldn’t be returned because of sanctions. Canada and Germany made a deal to return the turbine, but Putin said Tuesday that Gazprom still hasn’t received the relevant documents.
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