German Businesses Slam US Nord Stream 2 Sanctions as Interference in EU Energy Sovereignty

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German Businesses Slam US Nord Stream 2 Sanctions as Interference in EU Energy Sovereignty

BERLIN  (Sputnik) – German businesses see Washington’s statements about possible new sanctions on the Nord Stream 2 pipeline for carrying Russian natural gas to Europe as unprecedented interference into the European Union’s energy sovereignty, Oliver Hermes, the chairman of the German Eastern Business Association, said on Thursday.

The head of the association, representing German companies’ interests in Eastern Europe and the post-Soviet states, said that “over 12 billion euros” ($13.6 billion) investment in the Nord Stream 2 is now under threat.

The German-Russian trade loses almost 20 billion euros annually due to the EU sanctions on Russia, Hermes recalled, expressing the belief that new sanctions would be “absolutely inappropriate.”

Sourse: sputniknews.com

German Businesses Slam US Nord Stream 2 Sanctions as Interference in EU Energy Sovereignty

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