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9/21, 11:00 AM (Source: TeleTrader)
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No cause for US sanctions on Nord Stream 2 - Scholz

German Minister of Finance Olaf Scholz noted the Nord Stream 2 is a "private investment" that "gives no cause" for the United States to impose sanctions on it.

Scholz also dismissed the claims the new pipeline would increase the bloc's dependency on gas from Russia.

Washington has been threatening it would impose sanctions on the Nord Stream 2 to decrease Moscow's influence on European gas market. The European Union described the move as "unacceptable," while German Chancellor Angela Merkel and Russian Foreign Minister Sergey Lavrov warned the pipeline should not be a political tool.

Breaking the News / JR