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BBG: Germany Suspends NSII Certification 'For Time Being'

EU-RUSSIA

Bloomberg reporting that Germany is suspending the certification of the Nord Stream II gas pipeline 'for the time being'.

  • The pipeline has come under intense focus in recent weeks given the heightened geopolitical tensions along the EU's eastern border with Russia, Belarus, and Ukraine.
  • The delay is said to be due to a legal form change, rather than any direct political influence. The operating firm of NSII is required to obtain German corportate status in line with German legislation.

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