Nord Stream
Europe is a key market for Gazprom whose sales support the Russian government. Nord Stream 2 would offer an alternative to Ukraines aging system that Gazprom says needs refurbishment lower costs by saving transit fees paid to Ukraine and avoid episodes like brief 2006 and 2009 gas cutoffs over price and payment disputes between Russia and Ukraine.
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President Biden has threatened to block the Nord Stream 2 natural gas pipeline if Russia invades Ukraine.
. The undersea pipeline is a conduit for Russian gas to flow directly to Europe via Germany.
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