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CHF LIBOR FIX - 16-09-2021

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EUR LIBOR FIX - 16-09-2021

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EU-RUSSIA

German Foreign Minister Heiko Maas has argued that the NordStream 2 gas pipeline from Russia to Germany should not be shelved as doing so could 'push Russia closer to China'.

  • In recent days several German officials have offered various explanations for why the pipeline should go ahead.
  • Reports emerged yesterday from eco-activists Environmental Action Germany that German finance minister Olaf Scholz had supposedly offered the Trump administration in the US a deal whereby Germany would offer money for imported US LNG if the US gov't dropped its sanctions on NordStream 2.
  • Yesterday, German President Frank-Walter Steinmeier said that the pipeline was one of the 'last remaining European bridges to Russia', and seemed to imply that Germany somehow owed Russia the pipeline due to the history between the two nations.

Map of Russian Gas Pipelines To Europe

Source: The Times

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