Russia is looking to ease strains to its market caused by massive international sanctions and gas boycotts by opening the Nord Stream 2 pipeline domestically.
The West heavily relied on the threat of shutting down the controversial pipeline in an attempt to preserve Ukraine’s sovereignty in the lead-up to the invasion.E.ON, Europe's largest operator of energy networks, rejected demands to shut down the Nord Stream 1 gas pipeline as part of sanctions against Russia for invading Ukraine, the company told Rheinische Post newspaper on Monday.
Germany the next day blocked the certification of the $11 billion pipeline and just two days later Russian President Vladimir Putin announced his "special military operation" in Ukraine. "Reformatting the Nord Stream 2 infrastructure will be a significant help for the Russian market and gasification of the regions," Russian state-ownedThe publication said this decision would create "opportunities for launching new gas projects" throughout Russia.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia Struggles to Find New Buyers for Commodities as Europe Severs LinksInfrastructure bottlenecks, fire-sale prices and uncertain demand pose challenges for the Kremlin’s plan to reroute sales of oil and metals, the lifeblood of Russia’s economy.
Read more »
How serious is Russia about nuclear war?Some military analysts believe that harping on Russia’s nuclear capability is a mistake, one that emphasizes history over present-day reality.
Read more »
WNBA honors Brittney Griner, star player detained in Russia, as season startsBrittney Griner's initials and jersey number will be emblazoned on the sidelines of all 12 WNBA courts.
Read more »
Russia spending an estimated $900 million a day on Ukraine warRussia's invasion of Ukraine is reportedly costing Moscow hundreds of millions of dollars a day.
Read more »
Russia-Ukraine war live updates: Azovstal evacuations continue, U.S. intel aided attack on Russian shipCivilian evacuations from the Azovstal steel plant and surrounding areas in the Russia-occupied city of Mariupol continued Thursday night into Friday, with U.N.
Read more »
Every mysterious fire to break out in Russia recently—Full listRussia has still not elaborated on the sources of these unexplained fires.
Read more »