Russia's Putin: There is risk Nord Stream 1 could be switched off after maintenance

Eren Sengezer FXStreet

Russian President Vladimir Putin said on Wednesday that they are yet to see in which condition the equipment for Nord Stream 1 will be after returning from maintenance, as reported by Reuters.

"There is a risk that equipment could be switched off and Nord Stream 1 stops after returning from Canada," Putin added.

Market reaction

These comments seem to be weighing on market sentiment with the Euro Stoxx 600 Index losing 0.3% on a daily basis. In the meantime, EUR/USD continues to trade in negative territory slightly below 1.0200.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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