Russia Threatens to Cut Natural Gas Flows to Europe Via Nord Stream 1

WATCH: Russia has threatened to cut off its natural gas supplies to Europe via Nord Stream 1.Source: Bloomberg
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Russia threatened to cut natural gas supplies to Europe via the Nord Stream 1 pipeline as part of its response to sanctions imposed over the invasion of Ukraine, a move that could heighten the turmoil in energy markets and drive consumer prices even higher.

Russia has the right to take actions that “mirror” the penalties imposed on the Russian economy, Deputy Prime Minister Alexander Novak -- who’s also in charge of energy affairs -- said in a televised speech late Monday. He said no decision to shut off Nord Stream 1 has yet been taken, and the pipeline is currently operating “at its full capacity.”