Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

If Russia invades Ukraine, there will be no Nord Stream 2, Biden says

Published 02/08/2022, 12:13 AM
Updated 02/08/2022, 12:16 AM
© Reuters. U.S. President Joe Biden holds a joint news conference with German Chancellor Olaf Scholz (not pictured) at the White House in Washington, U.S. February 7, 2022. REUTERS/Leah Millis

WASHINGTON (Reuters) - U.S. President Joe Biden on Monday warned that if Russia invades Ukraine, there would be no Nord Stream 2, but did not specify how he would go about ensuring the controversial pipeline would not be used.

Speaking at a joint news conference with German Chancellor Olaf Scholz, Biden said, "If Russia invades... again, then there will be longer Nord Stream 2. We will bring an end to it."

When asked how he would do that, he responded, "I promise you we will be able to do it."

Europe's most divisive energy project, Nord Stream 2 is designed by Russian energy giant Gazprom (MCX:GAZP) to double the amount of gas flowing from Russia straight to Germany, bypassing traditional transit nation Ukraine.

The United States and Germany have sought to present a united front against potential Russian military aggression in Ukraine, with Biden declaring the two in "lockstep" despite questions over Berlin's commitment to scuttle the important energy pipeline.

Latest comments

Jesus. Don't you realize that NATO exists to stop Russian expansion, as is the very thing Rooskies are doing today. Before eastern European countries could join NATO, Russian invaded and installed puppet governments between Russia proper and NATO boundaries. Czechoslovakia, Hungary, Poland, Moldova, Estonia, Latvia, Lithuania Kazakhstan, Kyrgyzstan, Tajik, Turkmenistan, Uzbekistan, Armenia, Azerbaijan, Georgia, AND Ukraine. Turn to thinking (for refreshment) about what allowed you to ever go to Germany or France- Or Britain for that matter.
would rather my country be protected from the invaders from the southern border.
This is to bring Gold up , everything based on money and business , their will be no war , everything is planned and it is going to happen again and again .
What business is it of the Americans to be tinkering with the European gas market anyway? Why don't they focus on their own borders instead of flying weapons and troops half way around the world to Eastern Europe, what business is it of theirs if Germany wants to buy cheaper gas direct from Vlad?
The left is paying back Putin for helping Trump
poor germans bathe in cold water becos of Biden.
Germans bathe in cold bath water because of corrupt central bankers pushing global inflation to a breaking point.
Hey, Joel Schwartz !!! I couldn't have said it better. At least you (on this page) realize that America is under inflationary pressures that are worldwide, caused to benefit money kings. It's not Biden's fault for what happens. The worst offenders are on Wall Street, but pulling up close behind are the London, Bern, Singapore and Hong Kong bankers.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.