Economics
U.S. Concedes Defeat on Nord Stream 2 Project, Officials Say
- Pipeline connecting Russia, Germany seen as security threat
- U.S. sending new ambassador Sullivan to Moscow next month
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The U.S. has little leverage to prevent the Nord Stream 2 gas pipeline project between Russia and Germany from being completed, two administration officials said, acknowledging the failure of a years-long effort to head off what officials believe is a threat to European security.
The massive $11-billion project is just weeks away from completion and has led President Donald Trump to call Germany “a captive to Russia.” He has criticized the European Union for not doing more to diversify imports away from the nation that supplies more than a third of its gas.