Energy war with west has exploded after weeks of tension
Gazprom announced an oil leak had been found on the Nord Stream 1 gas pipeline and it would take an indefinite amount of time to fix.Gazprom announced an oil leak had been found on the Nord Stream 1 gas pipeline and it would take an indefinite amount of time to fix.
The news in the G7 finance ministers announcement was that the US had managed to get a previously sceptical Germany to examine the proposal in earnest. For the scheme to work, it may require neutral oil importing countries such as India to participate, or elsewill simply find new markets for its oil. The Greek shipping industry in particular would be hit.
There is a risk that could backfire, not least if the powerful Russian gas industrialists think he is jeopardising their industry. There is an argument that if he intends to damage Germany industry seriously, he needs to strike now.
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