German Chancellor Olaf Scholz said last week that Germany may consider halting the Nord Stream 2 pipeline if Russia attacks Ukraine, reflecting growing political pressure on the Gazprom-led project. Russia has massed troops on the Ukrainian border but denies it is planning an attack, while the United States and Europe have promised to impose sanctions on Moscow should it invade, with Nord Stream 2 one of the possible targets. Europe's most divisive energy project, Nord Stream 2 is designed to double the amount of gas flowing from Russia straight to Germany, bypassing traditional transit nation Ukraine.
(Bloomberg) -- How hard will energy-starved Europe be hit by a potential Russian invasion of Ukraine? It depends on how President Joe Biden reacts.Most Read from BloombergCrypto Crash Erases More Than $1 Trillion in Market ValueStocks Drop, Bonds Gain Amid Fed, Ukraine Concerns: Markets WrapMorgan Stanley’s Slimmon Warns Against Buying Growth-Stock DipU.S. Orders Diplomat Families Out of Ukraine Citing War RiskSolana Suffers Network Instability in Brutal Week for CryptoRussia kept sending gas to
(Bloomberg) -- European Union climate chief Frans Timmermans called on member states to increase investment in renewable energy and eventually wean the continent off Russian gas.Most Read from BloombergCrypto Crash Erases More Than $1 Trillion in Market ValueMorgan Stanley’s Slimmon Warns Against Buying Growth-Stock DipSolana Suffers Network Instability in Brutal Week for CryptoU.S. Orders Families of Diplomats Out of Ukraine Citing War RiskTensions between the bloc and Russian President Vladimi