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The flow accounts for around half of Russia's total pipeline gas exports to Europe, with Slovakia, Italy, Austria and Czech Republic set to be most affected if it ends.
EUR/Ruble exchange rate. On 23 March 2022, Russian President Vladimir Putin announced payments for Russian pipeline gas would be switched from "currencies that had been compromised" (that is, US dollar and euro) to payments in roubles when the transaction involved a country formally designated "unfriendly" previously, which included all European Union states; on 28 March, he ordered the ...
European gas imports from Russia in 2021, with breakdowns. Russia supplies a significant volume of fossil fuels to other European countries. In 2021, it was the largest exporter of oil and natural gas to the European Union, (90%) [1] [2] and 40% of gas consumed in the EU came from Russia. [3] [4]
Nord Stream 2, built under the Baltic Sea by Russia's state-controlled Gazprom to pump natural gas from the Arctic to Germany, was damaged on Sept. 26, 2022, in the wake of Russia's invasion of ...
Ukraine has repeatedly said it would not continue a gas transit deal with Russia as the two countries are at war. Slovakia, which has a long-term contract with Russian oil giant Gazprom, has been ...
Nord Stream 2 (German–English mixed expression for "North Stream 2"; Russian: Северный поток — 2) is a 1,234-kilometre-long (767 mi) natural gas pipeline from Russia to Germany running through the Baltic Sea, [2] financed by Gazprom and several European energy companies.
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In 2018, Germany imported 50% to 75% of its natural gas from Russia. [28] Before 2022, the main export markets of Russian natural gas were the European Union and the CIS. Russia supplied a quarter of the EU gas consumption, mainly via transit through Ukraine (Soyuz, Urengoy–Pomary–Uzhhorod pipeline) and Belarus (Yamal-Europe pipeline).