Russia’s Vladimir Putin talks energy and geopolitics
8:10 am: Putin claims Nord Stream 2 is a ‘purely commercial project,’ dismiss criticism as nonsense
Russia’s Putin has rejected criticism of the contentious Nord Stream 2 pipeline as “nonsense,” describing the undersea pipeline as a “purely commercial project.”
Nord Stream 2 is designed to deliver Russian gas directly to Germany via the Baltic Sea, bypassing Ukraine and Poland.
Critics argue the pipeline is not compatible with European climate goals, increases the region’s dependence on Russian energy exports, and will most likely strengthen Putin‘s economic and political influence over the region.
The construction of Nord Stream 2 was completed last month. Germany’s energy regulator has since said it has four months to complete certification of the project after receiving all necessary paperwork for an operating license.
— Sam Meredith