Gazprom re-starts construction of Nord Stream 2 on Friday

Gazprom re-starts construction of Nord Stream 2 on Friday, using a flotilla of three Russian boats capable of finishing the Russia to Germany gas line by May, The Financial Times reports from Moscow and Berlin. Denmark’s energy agency states it received the necessary documents for pipe laying to resume Jan. 15. A German Foreign Ministry official tells the FT: “According to our information, the construction permits necessary for laying the pipeline have been issued.” Worked stopped one year ago, in face of new US sanctions. A second layer of sanctions were approved by the US Congress 10 days ago.

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In response to Russia’s annexation of Crimea in the spring of 2014, Ukrainian officials blocked the North Crimean Canal.

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Despite the global recession, Ukraine’s steel companies increased rolled steel production by almost 1% yoy, to 18.3 million tons.