KEY POINTS
  • Russia's Gazprom said on Monday it was halting another turbine in the Nord Stream 1 pipeline to Germany.
  • It added that the flow of gas, already at just 40% of capacity, would fall by another half from Wednesday.
  • The European Union has accused Russia of resorting to energy blackmail, while the Kremlin says the gas disruption has been caused by maintenance issues and the effect of Western sanctions.
Gazprom reported record earnings in 2021 thanks to soaring commodity prices.

Russia's Gazprom said on Monday it was halting another turbine in the Nord Stream 1 pipeline to Germany and the flow of gas, already at just 40% of capacity, would fall by another half from Wednesday.

The new blow to supply comes at a moment of high tension as Russia and the West exchange economic blows in response to Moscow's actions in Ukraine. The European Union has accused Russia of resorting to energy blackmail, while the Kremlin says the gas disruption has been caused by maintenance issues and the effect of Western sanctions.