Overview
- The EU Commission’s proposal would impose new sanctions to block Nord Stream 2’s restart and prohibit EU companies from any business with the uncertified pipeline.
- The plan aims to eliminate Russian gas imports by 2027 through a phased ban on new short-term contracts from 2026 and an end to existing long-term agreements by 2028.
- Stephen Lynch, a US investor with ties to President Donald Trump, has applied for an exemption to purchase Nord Stream 2, deepening questions over US policy.
- Germany’s Economic Affairs Ministry backs the EU proposal and underscores that the pipeline cannot operate without formal certification from German authorities.
- Gas market analysts warn that a White House decision to lift or ignore sanctions could undermine EU measures and leave the pipeline’s future unresolved.