The Trader 

Market Outlook: Eyeing up Russia’s pipeline

The Trader

The planned pipeline under the Baltic Sea to supply Germany with Russian energy lies at the heart of President Trump’s tirade against Angela Merkel at the NATO summit.  Days before his meeting in Helsinki with President Putin, the US State Department reminded: ‘we have been clear that firms working in the Russian energy export pipeline sector are engaged in a line of business that carries sanctions risk.  We believe the [pipeline] would undermine Europe’s overall energy security and stability by providing Russia another tool for political coercion’.

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