Tensions are building over the case of Russian opposition politician Alexey Navalny, who was hospitalized on August 20 after being poisoned with military-grade nerve agent Novichok.
“If in the coming days Russia does not help clarify what happened, we will be compelled to discuss a response with our allies,” Germany’s Foreign Minister Heiko Maas declared, adding that any sanctions should be “targeted.”
“I hope… that the Russians do not force us to change our position on Nord Stream,” he continued, saying Germany would not be reluctant to act on any potential scrapping of the project upon assessment.
Nord Stream 2 is set to carry gas directly from Russia to Germany under the Baltic Sea, something that gives Russia more political leverage over transit countries, like Poland and Ukraine, which have carried its gas exports to Europe for the last four decades.
The Gazprom-led (OTCPK:OGZPY) €9.5B project is also backed by Royal Dutch Shell (RDS.A, RDS.B), Germany’s Uniper (OTC:UNPPY) and BASF (OTCQX:BASFY), Austria’s OMV (OTCPK:OMVJF) and France’s Engie (OTCPK:ENGIY).