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Old 26-02-2021, 21:43
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KostiaFM KostiaFM is offline
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Default Re: Daily Economic news by ForexMart

February 26. Germany has announced four options for the future «Nord Stream 2»

The German authorities have proposed four options for the future of the «Nord Stream 2» project in order to come to a compromise with the United States and «end the grueling showdown» around the pipeline.

The first course of action proposed by Berlin is the US refusal from threats of sanctions if the «danger» for Ukraine is removed or at least reduced. This option provides for the possibility of stopping gas supply in the event that Russia stops transportation through the territory of Ukraine.

Another option is to suspend the construction of the pipeline for the purpose of negotiations. The FRG authorities note that the United States can create a special commission with the participation of Europeans, whose task will be to develop specific solutions.

Germany sees the third decision to provide investment assistance to Ukraine, which will soften Washington's position. And the fourth scenario is the continuation of the construction of the gas pipeline in spite of all countermeasures to the project.

Let us remind you that «Nord Stream 2» is a gas pipeline from Russia to Germany, laid along the bottom of the Baltic Sea. Now the facility is 95% ready, and the cost of its construction is estimated at $11 billion.
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