Russia threatened to retaliate against Western sanctions by cutting off nord Stream 1 gas flowing to Germany. European leaders such as Boris Johnson called for the dumping of Russian oil and gas, and on Monday night, deputy prime minister Alexander Novak implemented the decision in response to a "call for the dumping of Russian oil and gas."
The decision to cut off the pipeline across the Baltic Sea could cost Russia financial damage, but russia is already facing an inevitable economic crisis thanks to Western sanctions.
In a statement from the British Embassy in Russia, Mr Novak noted: "Russia supplies 40% of the natural gas consumed by Europe every year." "Professionals analyze russia's move will also weaken the energy supply of Western Europe, which relies heavily on Russian gas.
While Russia only needs to supply the UK with 4% of the gas it needs, the move would increase the UK's demand for energy, potentially causing bills to spiral up or even exceed budget. Mr Novak said: "It is quite difficult to find Russian oil substitutes on the European market, and even if you can find them, the price will be much more expensive." ”
Boris Johnson promised to announce a new "energy supply strategy" in the coming days, which will outline the UK's cessation of russian gas use. "Moving away from dependence on Russian gas is the right choice, but it needs to be done step by step," he said. "We have to make sure we have a natural gas alternative supply, so we're looking at how to develop and use our own natural gas."
At the same time, Boris Johnson also pointed out: "This does not mean that we abandon our commitment to reduce carbon dioxide emissions, but in view of the current dire reality, we need to rely on ourselves." ”