• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

Meet a 71-year-old who retired as a radiologist and professor, and now runs a banana-skewer business: ‘I never want to retire. Why would you do that?’

3

Hilton received 12,000 Gen Z applications for just 72 internship spots—its CHRO says AI has made the hospitality gigs more competitive

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

Meet a 71-year-old who retired as a radiologist and professor, and now runs a banana-skewer business: ‘I never want to retire. Why would you do that?’

3

Hilton received 12,000 Gen Z applications for just 72 internship spots—its CHRO says AI has made the hospitality gigs more competitive

U.S. Threatens to Sanction German Firms Constructing Russian Gas Pipeline

By
Hallie Detrick
Hallie Detrick
Down Arrow Button Icon
By
Hallie Detrick
Hallie Detrick
Down Arrow Button Icon
January 14, 2019, 5:50 AM ET
Google source logo
Add Fortune on Google for similar content.

German companies building the $11billion Nord Stream 2 gas pipeline have been warned that they may face sanctions from the United States if they continue the construction project.

Richard Grenell, the American Ambassador to Germany, made the warning in a letter to several German companies working on the pipeline, which will carry gas from Russia to Germany.

The warning led the German newspaper Bild am Sonntag to accuse Grenell of blackmailing the companies, to which the U.S. Embassy replied, “The only thing that could be considered blackmail in this situation would be the Kremlin having leverage over future gas supplies.”

The Nord Stream 2 pipeline is led by the Russian gas company Gazprom, which is also the sole shareholder in the pipeline. When completed, the pipeline will run directly from Russia to Germany, through the Baltic Sea. Proponents of the project say it will bolster the EU’s energy security and climate change goals. Critics argue the pipeline will increase Europe’s dependence on Russia, further destabilize Ukraine by depriving the country of gas-transit fees, and damage the environment.

The companies collaborating with Gazprom to build the pipeline include Uniper, Wintershall, Engie, OMV, and Shell. They could face sanctions under the Countering America’s Adversaries Through Sanctions Act (CAATSA). European leaders say Washington is using the act to influence European foreign and energy policy.

German Chancellor Angela Merkel’s foreign policy spokesperson accused Trump of using the issue to show strength towards Russia. He said, “If the U.S. president thinks he has to publicly show he is getting tough on Russia in view of the many question marks regarding his relationship with Moscow, he should not thereby impair the relationship with his most important ally.”

About the Author
By Hallie Detrick
See full bioRight Arrow Button Icon

Latest in


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.