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Bank of England expected to hold interest rates

Investors predict MPC will maintain interest at 5.25% when it meets on Thursday.

Shell urges Washington to withhold sanctions against Nord Stream 2 pipeline

Reuters - UK Focus
Updated

MOSCOW, Oct 1 (Reuters) - Royal Dutch Shell is asking the U.S. Congress not to enact sanctions aimed against Russia-led Nord Stream 2 undersea gas pipeline to Germany, said Cederic Cremers, head of Shell's business in Russia.

A U.S. Senate committee passed a bill in July to place sanctions on companies and individuals involved in building the Nord Stream 2 gas pipeline from Russia to Germany that the Donald Trump administration says would strengthen Moscow's economic grip on Europe.

Germany's Uniper and Wintershall, Anglo-Dutch Royal Dutch Shell, Austria's OMV and France's Engie are the financial partners of Russian gas giant Gazprom in the project.

(Reporting by Vladimir Soldatkin editing by Katya Golubkova and Louise Heavens)