Russia looks to utilize Nord Stream 2 domestically to boost markets as Europe shuns oil

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Russia looks to utilize Nord Stream 2 domestically to boost markets as Europe shuns oil
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Russia is looking to ease strains to its market caused by massive international sanctions and gas boycotts by opening the Nord Stream 2 pipeline domestically.

The West heavily relied on the threat of shutting down the controversial pipeline in an attempt to preserve Ukraine’s sovereignty in the lead-up to the invasion.E.ON, Europe's largest operator of energy networks, rejected demands to shut down the Nord Stream 1 gas pipeline as part of sanctions against Russia for invading Ukraine, the company told Rheinische Post newspaper on Monday.

Germany the next day blocked the certification of the $11 billion pipeline and just two days later Russian President Vladimir Putin announced his "special military operation" in Ukraine. "Reformatting the Nord Stream 2 infrastructure will be a significant help for the Russian market and gasification of the regions," Russian state-ownedThe publication said this decision would create "opportunities for launching new gas projects" throughout Russia.

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