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Why a U.S.-EU dispute is likely to go from bad to worse – Financial News Live

Why a U.S.-EU dispute is likely to go from bad to worse

Why a U.S.-EU dispute is likely to go from bad to worse

A worker walks past snow-covered pipework in the yard at the Gazprom PJSC Slavyanskaya compressor station on Thursday, Jan. 28, 2021.Andrey Rudakov

U.S. warns companies to abandon work on Nord Stream 2 pipeline
Germany says Navalny poisoning could ‘force’ rethink of Nord Stream 2
Secretary of State Blinken condemns Russia for Navalny sentencing


A worker walks past snow-covered pipework in the yard at the Gazprom PJSC Slavyanskaya compressor station on Thursday, Jan. 28, 2021.

Andrey Rudakov | Bloomberg | Getty Images

LONDON — A simmering geopolitical dispute over an undersea pipeline that would bring gas from Russia to Germany is widely expected to intensify in the coming weeks, with pressure building on President Joe Biden to do more to halt the nearly-complete project.

If finished, the 1,230-kilometer (764-mile) Nord Stream 2 pipeline will become one of the longest offshore gas pipelines in the world. It is designed to deliver Russian gas directly to Germany under the Baltic Sea, bypassing Ukraine.

Alongside several European countries, the U.S. opposes the pipeline, calling it a “bad deal” for European energy security.

Critics also argue the pipeline is not compatible with European climate goals and will most likely strengthen Russian President Vladimir Putin’s economic and political influence over the region.

Led by Russia’s Gazprom, the state-owned gas giant has claimed Nord Stream 2 is “particularly important” at a time when Europe sees a decline in domestic gas production. Advocates of the…



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