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Despite Looming U.S. Sanctions, the Nord Stream 2 Pipeline Will Likely Proceed

Jul 17, 2019 | 10:00 GMT
A worker constructs a section of the Nord Stream 2 natural gas pipeline near Kingisepp, Russia.

Upon completion, the $11 billion Nord Stream 2 pipeline would have the capacity to annually send 55 billion cubic meters of Russian natural gas to Germany by way of the Baltic Sea.

(Alexander Demianchuk\TASS via Getty Images)

For the first time, U.S. President Donald Trump directly acknowledged that Washington was, in fact, considering sanctioning Nord Stream 2 on June 12. This comes less than a month after U.S. Energy Secretary Rick Perry warned that a U.S. sanctions bill targeting the project could come into effect in the...

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