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7/16, 1:29 PM (Source: TeleTrader)
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US sanctions against Nord Stream 2 extortion attempt - Germany

Sanctions imposed by Washington against European companies involved in the Nord Stream 2 represent "attempted extortion," bringing investments worth €12 billion at risk, German Committee on Eastern European Economic Relations said in a statement on Thursday.

"The USA is trampling on free and fair competition and using sanctions without inhibitions to assert its own economic interests. As already announced, the EU Commission must fend off all attacks on its sovereignty from the outside and quickly present a tough catalog of measures," the Committee's Chairman Oliver Hermes asserted.

On Wednesday, US State Secretary Mike Pompeo sanctioned the Nord Stram 2, sending a "clear warning to companies that aiding and abetting Russia's malign influence will not be tolerated." According to him, Moscow is using gas projects as a tool to "exploit and expand European dependence on Russian energy."

Breaking the News / GA