Germany's Scholz: Taken numerous measures to diversify away from Russia fast

Siemens Energy CEO said on Wednesday that they have currently one turbine running at the Nord Stream compressor station and added that they need 5 turbines to reach 100% capacity, as reported by Reuters.

"We are trying everything to deliver the turbine, cannot understand what the hold-up is," the CEO further noted.

Commenting on the same matter, "the turbine is ready, there is no reason for it not to be transported to Russia," German Chancellor Olaf Scholz said. 

"We have to prepare ourselves that even if the transport of the turbine actually happens there could be further supply disruptions down the line," Scholz added and explained that's why they have taken numerous measures to diversify away from Russia fast.

Market reaction

These comments don't seem to be having a significant impact on the shared currency's performance against its rivals. As of writing, the EUR/USD pair was up 0.15% on the day at 1.0180.