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Nord Stream 2 Is Put on Hold as West Rebukes Putin Over Ukraine

  • U.S., EU, U.K. press ahead with sanctions; gas prices advance
  • Western leaders denounce Russian move as tensions surge
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Germany's Scholz Halts Certification of Nord Stream 2 Pipeline
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The U.S. and Europe unveiled a limited range of sanctions in response to Russia’s latest escalation over Ukraine, with Germany going the furthest by opting to halt the Nord Stream 2 pipeline’s certification process following President Vladimir Putin’s decision to send troops to two self-proclaimed separatist republics.

German Chancellor Olaf Scholz, who held a call with Putin late on Monday, said that the Russian leader’s recognition of the breakaway republics in eastern Ukraine had materially changed the situation so that “no certification of the pipeline can happen right now.” Without it, he told reporters in Berlin, the gas pipeline from Russia to Germany “cannot go into operation.”