2/5/2021, 5:54 PM (Source: TeleTrader)
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Merkel refrains from Nord Stream 2 sanctions

German Chancellor Angela Merkel stated on Friday that Germany remains devoted to their agreement on Nord Stream 2 and will not explore extraterritorial sanctions against the Russian pipeline construction. The announcement comes in contradiction with the United States' decision to impose sanctions on Russian vessels building the pipeline.

Merkel assured that the disagreements between Germany and the US are not damaging to the bilateral relations and promised to "find a solution" to existing differences.

Merkel also pointed out that Russia's decision to expel European diplomats for protest participation is "unjustified", hence the action may cause additional penalties as Germany reserves the right to implement sanctions against Russian individuals.

Baha Breaking News (BBN) / LH