Europe’s Energy Crisis Deepens After Russia Keeps Pipeline Shut
- Crucial pipeline will no longer reopen as planned after works
- Last-minute move comes as G-7 moves to cap Russian oil prices
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Europe was plunged deeper into crisis as Russia’s Gazprom PJSC again halted its key gas pipeline indefinitely, a move decried by European politicians as an attempt to use energy as a weapon.
Hours after the Group of Seven leaders agreed to implement a price cap on Russian oil, Gazprom reversed its plan to resume flows through the Nord Stream pipeline. It was meant to open again on Saturday after maintenance, but the company said a fault had been discovered.