Well, it looks like it’s official now. After several days of sporadic reporting on Russia’s decision to shut down the Nord Stream 1 natural gas pipeline into western Europe, it looks like the valves have been shut down until EU sanctions against Russia are removed.
Strategically the Nord Stream 1 pipeline is the major gas supply route into Germany, Europe’s largest economy. As noted by Reuters, “European gas prices, as measured by the benchmark Dutch TTF October gas contract, rose by as much as 30% on Sept. 5, amid growing fears of a total shutdown of Russian pipeline imports ahead of the European winter.”
Europe was already going into a deep economic recession due to inflation created by pre-existing green energy policy. The Nord Stream shutdown will make things exponentially worse as energy prices skyrocket. The Russian owned energy company Gasprom sent out a video that can be best described as psychological warfare.