We will stop your gas and oil, Russia threatens EU countries

The Russian gas giant Gazprom announced the suspension of gas supplies through this pipeline for three days, until Saturday morning.

According to raw material shipping booking records, supplies should actually resume on Saturday as bookings are at pre-maintenance levels.

They thus represent about 20 percent of the gas pipeline’s capacity. Current data on the website of Nord Stream AG, which operates the gas pipeline, also confirms the temporary resumption of supplies.

Kremlin: Nord Stream 1 is in dire need of repair, but we will not help with it

Economy

“Only one turbine is in operation,” Peskov said on Friday. According to him, Gazprom is not to blame for the fact that the reliability of the Nord Stream 1 pipeline, which runs along the bottom of the Baltic Sea, is at risk.

Peskov has previously said that Gazprom is able to meet its obligations, but that Europe has placed “legal and technical obstacles” in the company’s path due to sanctions related to the war in Ukraine. He also talked about the crisis scenario. The European Union considers the Kremlin’s claims a pretext.

In June, Moscow reduced supplies through the Nord Stream 1 gas pipeline to Germany to 40 percent of capacity, and in July to 20 percent.

She cited maintenance issues and penalties that she says prevent the return and installation of the gas turbine. The reduced flow through the gas pipeline has made it difficult for the whole of Europe to get enough gas for the winter.

Gas should be flowing again through Nord Stream 1 on Saturday, records show

Economy

Nord Stream 1 is the main route for transporting Russian natural gas to the European Union. Gas pipelines are connected to it from Germany to other countries, including the Czech Republic.

Gazprom said the last remaining turbine in the compressor station must be serviced every 1,000 operating hours. The next supply interruption could therefore occur in mid-October, the DPA agency reported.

The price ceiling on Russian oil will apply from December

Finance ministers and central bank governors from the G7 group of developed countries agreed on Friday to introduce a price ceiling on Russian oil and oil products. The pricing mechanism has yet to be decided, foreign press agencies inform.

The measure will enter into force on December 5 for crude oil and on February 5 of next year for refined petroleum products.

These are the same dates when, as part of the EU’s sixth sanctions package against Russia, a partial embargo on the import of Russian oil and oil products into the EU will begin to apply.

G7 finance ministers agreed to cap Russian oil prices

Economy

Already in June, the G7 states announced that they would consider capping Russian oil prices as another method of putting pressure on Russia for its aggression against Ukraine.

At the same time, Russia is one of the world’s largest oil exporters. US Treasury Secretary Janet Yellen said the measure would also help lower global energy prices.

This year, Russia could increase revenues from the sale of oil up to 337.5 billion dollars (about 8.3 trillion CZK), which is 38 percent more than last year. This follows from a document of the Russian Ministry of Economy, which is available to Reuters.

Kremlin: We are ready for an embargo on the import of our oil

Deputy Prime Minister Novak also stated that Russian companies are ready for the European Union’s December embargo on the import of Russian oil and that they can maintain production at the current level.

According to the Deputy Prime Minister’s forecast, mining may amount to 520 to 525 million tons by the end of the year. Last year, Russia extracted 524 million tons of oil.

Last year, 6.8 million tons of crude oil were imported into the Czech Republic, a year-on-year increase of 10.8 percent. Half of it was imported from Russia, according to statistics from the Ministry of Industry and Trade. The second largest importer was Kazakhstan.

It’s time to cap the price of Russian gas, Von der Leyen said

Europe

European Commission (EC) President Ursula von der Leyen said on Friday that the European Union should also cap the price of gas transported by pipeline from Russia to mitigate the effects of market manipulation by Russian President Vladimir Putin.

Former Russian President Dmitry Medvedev responded to her words by announcing that Moscow would stop supplying gas to the Union in that case.

The article is in Czech

Tags: stop gas oil Russia threatens countries

NEXT In Burkina Faso, they overthrew President Damiba, the borders will close at midnight