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The German government is considering changes to legislation to prevent the potential sale of the Nord Stream 2 gas pipeline amid fears of a resumption of Russian gas supplies.
Bloomberg reports this.
EU and Germany step up measures against Nord Stream 2: changes in laws possible
The German Ministry of Economy has confirmed that it is looking into options to change the investment screening law, as the current regulations do not allow the sale of Nord Stream 2 AG to be blocked. The operator is registered in Switzerland, which is part of the European Free Trade Association, so it is not subject to restrictions for companies from outside the EU or EFTA.
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Berlin believes that this legal gap needs to be corrected due to the strategic risks and financial problems of Nord Stream 2 AG.
Discussions about the possible sale of assets have intensified following statements by US President Donald Trump about the need to end the war between Russia and Ukraine, as well as due to support for cheap Russian gas from some industrialists in eastern Germany. Interest in Nord Stream 2 assets from American investors has also been reported.
At the same time, the German government rejected any proposals to resume the pipeline. Chancellor Friedrich Merz expressed support for EU initiatives to include damaged sections of the pipeline in the sanctions regime against Russia.