The Kremlin spokesperson Dmitriy Peskov responded to Western allegations. Describing the accusations against Russia as "stupid", Peskov said, "The voicing of such scenarios is highly predictable and at the same time predictably stupid and absurd."

Kremlin says Nord Stream explosions `a big problem for Russia'

Damage to the natural gas pipelines will bring nothing but ruin for both Russia and EU

Moscow has denounced as "stupid and absurd" any allegations of its being behind the suspected explosions of the Nord Stream natural gas pipelines earlier this week, stating that the incident actually creates many issues for Russia.

Speaking to journalists on Wednesday, Kremlin spokesperson Dmitry Peskov explained that the damage to the pipelines posed a "big problem" for Russia as it had essentially lost its gas supply routes to Europe.

Both lines of the Nord Stream 2 pipeline were pumped full of gas and were prepared to deliver it to Europe at the time of the alleged explosion, said Peskov, adding that "this gas is very expensive and now it is all going up in the air."

Peskov also noted that neither Russia nor Europe had anything to gain from the destruction of the pipelines, especially Germany, for which this incident poses a threat to the future development of its industry, as well as its profitability and competitiveness.

American LNG suppliers, on the other hand, have been making incredible profits after having multiplied their deliveries to the European continent, Peskov pointed out, adding that these companies are "very interested in maintaining these super-duper profits in the future."

While no suspects behind the incident have officially been named, the Kremlin spokesperson advised against making any official announcements before a proper investigation into the incident is carried out.

'Sapere aude'