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  4. Biden expressed concerns about Nord Stream 2 to Merkel
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Biden expressed concerns about Nord Stream 2 to Merkel

WASHINGTON (Reuters) - President Joe Biden said on Thursday that he expressed his concerns to German Chancellor Angela Merkel about Russia's Nord Stream 2 natural gas pipeline...
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Biden expressed concerns about Nord Stream 2 to Merkel © Reuters. U.S. President Joe Biden and German Chancellor Angela Merkel attend a joint news conference in the East Room at the White House in Washington, U.S., July 15, 2021. REUTERS/Tom Brenner

WASHINGTON (Reuters) - President Joe Biden said on Thursday that he expressed his concerns to German Chancellor Angela Merkel about Russia's Nord Stream 2 natural gas pipeline during a meeting with her at the White House.

Russia is racing to finish the pipeline that would take gas to Germany bypassing Ukraine and depriving it of valuable transit fees, potentially undermining its struggle with Russian aggression. Biden told reporters that he and Merkel are united in their belief that Russia should not use energy as a weapon against its neighbors.

Merkel told reporters that Germany, Europe's biggest economy, has different views on the pipeline from the United States. But she said Berlin views Ukraine as a transit country, evidently meaning she believes that natural gas should still flow through Ukraine, even if the pipeline is completed.

Merkel said there are a "number of instruments" that Europe can take, including sanctions, if Russia does not meet commitments to Ukraine on the pipeline.

Russia says the $11 billion pipeline, led by state energy company Gazprom (MCX:GAZP) and its Western partners, will be completed later this year.

Biden said that "good friends can disagree" on a project such as Nord Stream 2 and that both leaders have asked their teams to look at practical measures the countries can take on the pipeline if Ukraine's energy security is weakened.

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01-05-2024 10:45:17 (UTC+7)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
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 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
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 IBEX 3510,854.40Neutral
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 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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