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Work on Russia Pipeline May Grind to Halt on Trump Sanctions
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Updated on
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The $11 billion project is just weeks away from completion
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German government rejects U.S. penalties as ‘incomprehensible’
AllSeas Group SA said it would halt operations on the Nord Stream 2 pipeline from Russia to Germany as U.S. President Donald Trump approved sanctions targeting the project, which critics say will bind Europe more tightly to Moscow.
Germany lashed out against the U.S. penalties on Saturday, saying they’re “incomprehensible” and interfere in its internal affairs. “They hit German and European companies,” Ulrike Demmer, a spokeswoman for Chancellor Angela Merkel’s government, said in an emailed statement.
