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Scholz: Germany no longer sees Russia as reliable gas supplier.

by The Kyiv Independent news desk July 22, 2022 9:08 PM 1 min read
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Russia resumed the flow of natural gas through the Nord Stream pipeline via the Baltic Sea to the EU on July 21 after a 10-day outage. However, German Chancellor Olaf Scholz said that supplies remained unreliable because Russia had limited the pipeline's capacity to 40%. The moves were interpreted by critics as part of Russia's efforts to blackmail and intimidate the EU.

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Russia's crude exports fall to lowest level since February.

Seaborne crude flows averaged 3.12 million barrels a day over the four weeks to July 6, a 3% decline from the previous period ending June 29, according to tanker-tracking data compiled by Bloomberg. That's the lowest level recorded since the four-week period ending Feb. 23.
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