"Germany Stops Nord Stream 2, A Key Russian Natural Gas Pipeline

"Germany halted certification of the pipeline linking the country to Russia in response to the Kremlin’s recognition of two separatist regions in Ukraine."

"Chancellor Olaf Scholz said on Tuesday that Germany would halt certification of the Nord Stream 2 natural gas pipeline that would link his country with Russia, one of the strongest moves yet by the West to punish the Kremlin for recognizing two separatist regions in Ukraine.

The German leader’s announcement came hours after President Vladimir V. Putin of Russia ordered armed forces to the separatist regions, the so-called Donetsk and Luhansk People’s Republics.

Germany’s allies in Europe and the United States had been pressing Mr. Scholz for weeks to state publicly that the $11 billion pipeline, which was completed late last year and runs from Russia’s coast to northern Germany under the Baltic Sea, would be at risk of being blocked in the event of a Russian move against Ukraine."

Melissa Eddy reports for the New York Times February 22, 2022.


"Uncertainty Over What Putin Will Do Next Shakes Up Oil And Natural Gas Markets" (Washington Post)

Source: NYTimes, 02/23/2022