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Putin denies Russia behind Finland gas pipeline damage

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Russian President Vladimir Putin dismissed accusations that Russia was responsible for the recent damage to the Baltic-connector gas pipeline between Finland and Estonia. Finnish officials, however, suspect external interference and possible Russian involvement.

Estonia’s Defense Minister also suggested that the damage was caused by more than just normal means. Despite this, President Putin denied any knowledge of the pipeline’s existence and suggested that the blame could lie with an anchor or seismic activity.

Nato Secretary General Jens Stoltenberg expressed solidarity with Estonia and Finland, warning of a united response if the damage is proven to be deliberate. Finnish authorities confirmed that the damage was not due to regular usage or pressure changes and emphasized that the country’s energy security remains intact due to alternative gas sources. The incident has reignited concerns about energy security after previous Nord Stream pipeline incidents.

Picture courtesy: Google/images are subject to copyright

International Trade News

Russia-Germany pipeline project faces EU’s objection

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Several European Union countries have expressed their concerns about an oil pipeline project that connects Russia and Germany, named Nord Stream 2.

The main concerns are that the pipeline project will make Germany more reliant to the Russian oil and that reliance may be misused by Russia to fulfil its political and economic goals.

France is the first country that has come out publically against the deal. Later, supporting the stand taken by France, most countries in the east and central regions of Europe –overcoming their fear of retaliatory action from the Germans– have criticised the Germany’s move.

Germany has invested hugely in the project. The project is several decades old. At this moment, Germany cannot withdraw from the deal suddenly as such a move will cost them several millions.

France is likely to dilute its position in the coming hours. Though the EU countries are unhappy with the pipeline project, none wants to interrupt the project at this stage. These factors give confidence to Germany to go ahead with the project.

The EU primarily imports oil from Norway and Russia. Most EU countries are of the opinion that a pipeline that connects Poland and Norway should be created. The newly developed Russia-Germany pipeline which passes beneath the Baltic Sea gives a serious blow to the EU’s Norway plans.

Vignesh. S. G
Photo Courtesy: Google/ images are subject to copyright