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France 24

Business

Russia threatens to cut off natural gas flow via key pipeline over sanctions

Alexander Novak Germany Moscow Nord Stream 1 pipeline Ukraine United States

BUSINESS DAILY © FRANCE 24

Russia's Deputy Prime Minister Alexander Novak has said Moscow could cut off the flow of natural gas through the Nord Stream 1 pipeline, which links the country to Germany, in retaliation for sanctions imposed on its economy over the invasion of Ukraine. This latest threat comes as the United States is considering banning purchases of Russian oil. Novak warned that such a move could push prices as high as $300 a barrel. In early trading on Tuesday, the international benchmark Brent crude was trading at around $125.

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