Sanctions targeting gas pipeline
Putin’s move into Ukraine caused Germany to pause work on the multi-billion-pound Nord Stream 2 gas pipeline.
The undersea pipeline, meant to ferry natural gas from Russia to northern Germany, is owned by a subsidiary of Russia’s state-owned Gazprom.
Berlin has been reluctant to impose sanctions that would affect Nord Stream 2.
At a press conference, German Chancellor Olaf Scholz said that “the situation today is fundamentally different and therefore, in light of recent events, we must also reassess this situation … also with regard to Nord Stream 2.”