RUSSIAN COLLUSION: Work on Russian Pipeline May Grind To Halt On Trump Sanctions
AllSeas Group SA said it would halt operations on the Nord Stream 2 pipeline from Russia to Germany as U.S. President Donald Trump approved sanctions targeting the project, which critics say will bind Europe more tightly to Moscow.
Germany lashed out against the U.S. penalties on Saturday, saying they’re “incomprehensible” and interfere in its internal affairs. “They hit German and European companies,” Ulrike Demmer, a spokeswoman for Chancellor Angela Merkel’s government, said in an emailed statement.
The $11 billion project is just weeks away from completion and has led Trump to call Germany “a captive to Russia.” He has criticized the European Union for not doing more to diversify imports away from the nation that supplies more than a third of its gas.
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