US President Announces Cease Of Certification Of "North Stream 2"

U.S. President Biden said that after further consultations between the U.S. and German governments, he announced the suspension of pipeline certification and directed the U.S. government to impose sanctions on officials of the "Nord Stream 2" submarine natural gas pipeline and its companies. The measures are part of initial sanctions targeting Russia's actions in Ukraine, and Russia will not hesitate to take further steps if it continues to escalate. The West began to impose sanctions on Russian energy facilities, driving the price of natural gas in Europe to climb about 10% to the level of 87 euros, adding to the market's concerns about high inflation in Europe and the prospects for economic recovery.