With Gazprom moving to finish Nord Stream 2 gas line by the end of this year, Washington is preparing harsher sanctions in an effort to stop the project.

Thursday, July 16, 2020
With Gazprom moving to finish Nord Stream 2 gas line by the end of this year, Washington is preparing harsher sanctions in an effort to stop the project.

With Gazprom moving to finish Nord Stream 2 gas line by the end of this year, Washington is preparing harsher sanctions in an effort to stop the project. “Get out now, or risk of the consequences,” US Secretary of State Mike Pompeo, said Wednesday in a warning to Western companies that supply fuel, insurance, and pipeline certification services to the $11 billion Russia-Germany project. He described the twin pipelines under the Baltic as “the Kremlin’s key tools to exploit this bad European dependence on Russian energy supplies, tools that undermine Ukraine by cutting off gas transiting that critical democracy.”

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Markets and investors largely welcomed the Rada’s approval yesterday morning of a new head of the central bank.

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