Germany considers further U.S. sanctions against Nord Stream 2 an encroachment on its sovereignty
Published: 14 October 2021 Author: Stefan Talmon
Nord Stream 2 is a 1,230 km underwater pipeline project through the Baltic Sea which upon completion is to deliver natural gas from Russia to Germany, adding to the supply provided by the existing Nord Stream pipeline, which runs largely parallel to it. The pipeline would allow the rerouting of gas around Ukraine, depriving the country of billions of dollars in transit fees. Construction of the pipeline began in 2018 and was managed by the Swiss-registered project company Nord Stream 2 AG, whose sole shareholder was the Russian State-owned company Gazprom – the world’s largest gas producer. The project met with strong opposition from the United States which believed, inter alia, that it would undermine Europe’s overall energy security and stability and increase Ukraine’s vulnerability to Russian aggression. (more…)
