All business activities of the fund with the Russian project were suspended yesterday.
A partner fund has “disowned” Nord Stream 2 / REUTERS illustration
The German Climate and Environment Protection Fund (Stiftung Klima – und Umweltschutz MV) has refused to support the Russian Nord Stream 2 gas pipeline . It was created to circumvent US sanctions in order to complete construction.
NDR writes about this with reference to the head of the fund and the former prime minister of Mecklenburg-Vorpommern, Erwin Zellering.
He stated that the organization would not support Nord Stream 2 after its certification was terminated.
“The Board of Directors has agreed that we must now take this development into account and that we, as a foundation, are no longer bound by the mandate that the State Parliament has given us in a clause expressly stipulated in the articles of association, that, despite US sanctions, they want to contribute to completion of the construction of the pipeline,” he said.
Zellering stressed that all business transactions of the fund with the Russian project were suspended yesterday.
Meanwhile, CNN , citing sources, reports that the United States is preparing to announce sanctions against the operator of Nord Stream 2, Nord Stream 2 AG.
(C)UNIAN 2022
Good. the deader the death of NSII, the better it is killed. However, I only trust its death with US sanctions to kill it permanently.