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Gazprom’s Nord Stream 2 Pipeline Faces Fresh Setbacks

EBRD

Ukraine's economy will shrink by a fifth this year.

Gazprom’s Nord Stream 2 Pipeline Faces Fresh Setbacks, headlines Bloomberg. The US placed sanctions Tuesday on the Russian pipeline vessel. At the Senate, Antony Blinken, President Biden’s nominee for secretary of state, said Tuesday at his confirmation hearing that the Biden Administration is “determined to do whatever we can to prevent” completion of the Germany-Russia pipeline. And Gazprom warned bond investors that political opposition could make “implementation of the project impossible or unfeasible and lead to its suspension or cancellation.”

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