Germany and Russia create ‘green’ foundation that skirts US sanctions to finish Nord Stream pipeline

Germany and Russia create ‘green’ foundation that skirts US sanctions to finish Nord Stream pipeline

(Source telegraph.co.uk) A German state has been accused of using a ‘green’ foundation backed with Russian money to bypass US sanctions against the completion of the controversial Nord Stream 2 pipeline. Mecklenburg-Western Pomerania, the northeastern most state in Germany, set up the Climate and Environmental Protection MV foundation earlier this month claiming its goal was to “further environmental projects in the Baltic Sea region.”

One such project, the state confirmed, would be assisting in the completion of the North Stream 2 gas pipeline, construction of which has been complicated by US sanctions. But it appears that finishing the gas line is likely to be the foundation’s primary aim. The Russian state-owned gas company Gazprom gets to choose its chairperson, while funding it with an initial 20 million euros.

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