Russia Offers to Ease Europe’s Gas Crisis, With Strings Attached
- Putin intervenes in market on day when prices jumped 40%
- Nord Stream 2 could help stabilize Europe’s market, says Novak
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With winter fast approaching and a stunning energy price surge pummeling Europe, Russian President Vladimir Putin chose an opportune moment to use his country’s leverage as an oil and gas superpower.
On a chaotic day that saw European benchmark gas surge 40% in a few minutes, Putin eased prices by offering to help stabilize the situation. Russia could potentially export record volumes of the vital fuel to the continent this year, he said.