- Putin is "likely" to end supply of
natural gas to Europe, a French minister said Sunday. - Bruno Le Maire spoke as
France pushes a bill that would allow it to requisition energy plants.
France's Minister of Economy,
The move would be a seismic shock to world geopolitics and undo decades of development in Europe and Russia predicated on energy sales.
$4 in southern France, Bruno Le Maire said: "Let's get ready for a total shutdown of the Russian gas supply," he said. "This is the most likely event."
He called for France to quickly invest in energy sources such as biogas and nuclear technologies in order to become independent of Russian energy.
Saying that the war in Ukraine could potentially spread, he also said: "We should not take Vladimir Putin's threats lightly."
On Monday, $4 to Germany for 10 days of maintenance. European leaders fear the pause will become a permanent shutdown.
Nord Stream 1 is able to transport 55 billion cubic meters of natural gas, but since mid-June $4 over a piece of missing equipment — a turbine — under repair in Canada. Germany, which is heavily dependent on Russian energy, $4.
On Sunday, Canada said it would waive the sanctions on Russia to allow the turbine's return, $4.
Ukraine has called the shutdown a bluff, and criticized the easing of sanctions as setting a "dangerous precedent" that will only increase European dependence on Russia, $4.
The EU accused President Vladimir Putin of "blackmail" after Russia cut off its gas supply to Poland and Bulgaria in April, $4.
The move was itself a response to massive economic sanctions imposed by the EU and other Western powers as punishment for the invasion of Ukraine.
Russia's control over a significant portion of European energy supplies has been a key lever for President Vladimir Putin.
As European countries scrambled to reduce their dependency on its gas, Russia has been able to alter the supply to bring pain to European economies and keep them on edge.
The EU has reduced the share of its energy coming from Russia from around 40% to 20%, $4.
But the move caused a spike in energy prices — which were already increasing before the invasion — leaving several countries in crisis.
Last week, $4 that "entire industries" could collapse from insufficient gas supply.
On July 7 France put forward a draft bill that would allow it to requisition gas-powered electricity plants, $4. Le Maire, talking to reporters on Sunday, suggested that the country should be prepared to identify key companies whose energy supply should be prioritized, $4.