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Kremlin: Sanctions Work Against Nord Stream, As EU Agrees 15% Gas Cut

EU-RUSSIA

Wires carrying comments from the Kremlin stating that sanctions against Russia complicate work of Nord Stream 1 gas pipeline.

  • Maintenance on a Siemens-made turbine carried out in Canada was cited by Russia as a factor in the notable reduction in gas supplies through Nord Stream to Germany in recent months.
  • Kremlin: We hope that Nord Stream 1 turbine will be installed 'sooner rather than later'.
  • Comes as Czech Council of the EU presidency confirms that the EU has reached an agreement on reducing gas imports from Russia by 15% (link: https://www.consilium.europa.eu/en/press/press-rel...).
  • Statement: "In an effort to increase EU security of energy supply, member states today reached a political agreement on a voluntary reduction of natural gas demand by 15% this winter. The Council regulation also foresees the possibility to trigger a ‘Union alert’ on security of supply, in which case the gas demand reduction would become mandatory."
  • EU statement: "The purpose of the gas demand reduction is to make savings ahead of winter in order to prepare for possible disruptions of gas supplies from Russia that is continuously using energy supplies as a weapon. Member states agreed to reduce their gas demand by 15% compared to their average consumption in the past five years, between 1 August 2022 and 31 March 2023, with measures of their own choice."
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