Germany gets practically no more gas from Russia. Gazprom is suspending all deliveries through the Nord Stream 1 pipeline until further notice - allegedly due to technical problems. The Kremlin blames the sanctions policy for the gas supply stop. However, it is suspected that Kremlin boss Vladimir Putin wants to put even more pressure on the West - and Germany in particular - in the conflict over Ukraine. "Fear of a Lehman-like crisis in the European energy sector is growing," wrote Jochen Stanzl, chief market analyst at trading house CMC Markets.
Stock exchange in Frankfurt: Escalation of the gas crisis pulls the Dax down sharply
The escalation of the gas crisis had a noticeable impact on the local stock market on Monday.