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New US Sanctions Add to Nord Stream 2 Setbacks

by Bloomberg |Wednesday, January 20, 2021 The future of Nord Stream 2 looks increasingly uncertain. (Bloomberg) The future of Nord Stream 2 looks increasingly uncertain as the U.S. ramped up pressure on the project with new sanctions, and companies walked away from the controversial Russian gas link. The new sanctions come just days before work on the pipeline is scheduled to start in Danish waters. Questions now remain whether the link, owned by a unit of Gazprom PJSC, will see further delays as the U.S. tries to limit Russian influence in Europe. For its part, the Kremlin committed Tuesday to finishing the project while Gazprom warned of the political risks involved. In Germany, lawmakers have sought a legal workaround that they believe can protect a key port from sanctions.

Oil Tanker Market Grapples with Negative Earnings

Oil Prices Rise Despite Consumption Concerns

EPA Grants Biofuel Waivers to Refiners

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