Against the backdrop of the escalating Russia-Ukraine conflict, the German government is halting the approval process for the Russian-German Nord Stream 2 natural gas pipeline until further notice, German Chancellor Olaf Scholz has announced.
The Ukrainian President Volodymyr Zelensky had previously called for a temporary stop. Ukraine fears billions in losses if it is no longer used as a transit country when Nord Stream 2 goes into operation.
Russia’s President Putin recently declared his willingness to continue using Ukraine as a transit country for deliveries of natural gas to Europe beyond 2024 – should there be a need for it in the West.
More to follow…