• Kremlin on Nord Stream shutdown: Gas transportation problems arose due to sanctions by western countries

Market news

5 September 2022

Kremlin on Nord Stream shutdown: Gas transportation problems arose due to sanctions by western countries

Speaking on the Nord Stream 1 pipeline shutdown, the Kremlin said on Monday that “the only turbine left is malfunctioning, that leads to stoppages.”

“Gas transportation problems arose because of sanctions introduced by western countries,” Kremlin added.

Market reaction

EUR/USD shrugs off the Kremlin statement, as it is trading at 0.9912, down 0.36% on the day, as of writing.

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