Gazprom cut flows through Nord Stream

Europe is facing its biggest energy crisis in decades, with main supplier Russia curbing gas supplies in response to sanctions and European military support for Ukraine. Germany is rushing this week to pass a law that allows it to bail out struggling companies in a bid to limit the impact of supply disruptions and rising energy prices on consumers.

Shortly after a Siemens turbine stalled last month, Gazprom cut flows through Nord Stream. Summer is a critical time to replenish the reserves needed to heat homes and operate factories in the winter. The country is aiming for 90% capacity by November 1st. The level was 62.6% on Wednesday.