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Added on the 29/07/2022 10:12:15 - Copyright : Euronews EN
In Luxembourg, German Finance Minister Christian Lindner says it is not yet possible for the EU to cut Russian gas imports as a sanction against Moscow's invasion of Ukraine. SOUNDBITE
European Central Bank President Christine Lagarde warns that the eurozone could fall into recession next year in the case of a total shutdown of Russian gas supplies. The "downside scenario" for 2023 foresees negative growth in the case of a "total shutdown of all Russian gas supply" and energy rationing in the eurozone, she said, after the ECB unleashed a record rate hike. SOUNDBITE
Images show the Nord Stream 1 pipeline, through which a third of Russian gas supplies passes to reach the EU. Closed since 11 July for a 10-day routine maintenance, Europeans fear that Moscow won't turn the tap back on Thursday 21 July. In previous weeks, Russia had already cut 60% of its gas deliveries via the pipeline. The 1,224-kilometre (760-mile) long Nord Stream 1 is a system of twin pipelines running under the Baltic Sea, stretching from Russia's Vyborg to Lubmin in northeastern Germany. From there, a network of pipelines transports the gas into the European grid. IMAGES of the pipeline Nord Stream 1
Extraordinary meeting of EU Ministers of energy in Brussels. They meet in the context of Russian gas supply issue amid the country's conflict with Ukraine. IMAGES
EU commission chief Ursula von der Leyen says that Europe could survive Russia's squeeze on gas supplies to the EU thanks to an unprecedented diversification of sources in recent weeks. "Our models show, with all the measures we have taken, that we are now on the safe side for this winter," Von der Leyen told a session of European Parliament in the eastern French city of Strasbourg. SOUNDBITE
Kyiv (Ukraine), Aug 22 (EFE / EPA).- (Camera: Sergey Dolzhenko) Germany and the European Union are ready to impose new sanctions on Russia if it uses the Nord Stream 2 gas pipeline as "a weapon", German chancellor Angela Merkel said Sunday during a visit to Kyiv. FOOTAGE OF THE PRESS CONFERENCE.
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