Russia gained’t cease fuel transit by means of Ukraine when Nord Stream 2 turns into operational – Putin

Commissioning of the Nord Stream 2 fuel pipeline, which is a industrial undertaking, doesn’t imply that Russia will abandon fuel transit by means of Ukraine, mentioned Russian President Vladimir Putin on Friday.

Whereas assembly with German enterprise executives in Sochi, he mentioned: “The pipe laying of the Nord Stream 2 is near completion now; its commissioning will make it attainable to double Russian fuel provides over the Baltic route.”

He added: “This will likely be an additional contribution to satisfying the demand in Germany and different nations.” The Russian president added that Nord Stream 2 “is a purely industrial undertaking” and the federal government shouldn’t be collaborating in it.

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“I reiterated many instances to keep away from any misinterpretations and wish to say as soon as once more, it doesn’t imply, in any respect, that Russia intends to cease transit by means of the territory of Ukraine,” Putin mentioned, expressing hopes that the Russian and Ukrainian vitality companies will discover a mutually acceptable answer relating to pure fuel transit to European nations.

The Nord Stream 2 undertaking, which was designed to ship Russian pure fuel to Germany and different European prospects, is scheduled to start working in the midst of subsequent yr. The pipeline, which runs from the Russian Baltic coast to Germany, will ship 55 billion cubic meters of fuel per yr to Europe.

With greater than 50 % of Russian fuel provides to the EU historically flowing by means of Ukraine, Nord Stream 2 (which is the extension of the Nord Stream fuel pipeline) has been constructed as a supplementary route to ensure steady provides to the EU. The pipeline can’t cowl all of Europe’s fuel wants.

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In response to Putin, Germany is one in every of Russia’s main financial companions and Moscow seeks to additional strengthen mutual ties.

“We vastly admire the pragmatism of German enterprise, the willingness to work collectively, and try to additional develop bilateral relations so as to meet the long-term pursuits of each nations.”

He identified that German investments within the Russian economic system exceeded $ 20 billion whereas Russia’s counter-investment stands at $ 10 billion.

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