EconomyEnergy

The Baltic Sea pipeline bypasses Ukraine and will concentrate enormous power in Germany as the main distributor of Russian natural gas to the EU

Thursday, May 20, 2021

. It will also deprive Ukraine of $1-2 billion in gas transit revenues and remove a brake on Russian behavior. Axios writes: “Bypassing Ukraine with a direct pipeline to Germany is an opportunity for Russia to advance its goal of isolating its former client state, now a fledgling democracy, from Western Europe.”

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Thursday, May 20
Energy

In a reversal, the 5-member Naftogaz Supervisory Board agreed yesterday to stay on for a one-year term – on the condition that the current Executive Board remains and the roadmap submitted by the Supervisory Board last Friday is respected.

Next post
Thursday, May 20
EconomyEnergy

The Biden Administration is backing off imposing sanctions on Nord Stream 2 AG and its German CEO, Matthias Warnig,

Morning Economic Digest

Straight, factual, timely and investable business news and economic trends from Ukraine, Europe’s next Frontier Economy.

Previous Main Topics

Subscribe