Economics
As Trump Riles Europe on Trade, Putin Offers More Natural Gas
- Pipeline to Germany moves ahead despite U.S. sanctions threat
- Gazprom on track for record gas sales to Europe this year
Natural gas field near Bovanenkovskoye on the Yamal Peninsula.
Photographer: Alexander Zemlianichenko Jr./Bloomberg
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As Donald Trump’s trade policy risks worsening economic conflict with the European Union, Russia’s Vladimir Putin is strengthening ties with the region.
Putin will mark 50 years of gas exports to Europe at an event in Vienna on Tuesday. A controversial 9.5 billion-euro ($11 billion) pipeline to feed more supplies from Siberia directly into Germany is progressing despite a U.S. sanctions threat. And Moscow-based Gazprom PJSC last month settled a seven-year-old pricing dispute with the European Union, enabling it to expand its market share.