Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Russia expects Nord Stream 2 to begin operations in mid-2020


November, 21 2019
watermark Economic news

Deputy Prime Minister Dmitry Kozak said that Russia’s Nord Stream-2 gas pipeline is expected to begin operations in mid-2020,  despite opposition from some European countries and the United States.


The States affirm that the gas project will increase Europe’s dependence on Russian gas, which runs counter to the interests of the White House. As a result, the United States were putting pressure on European countries to slow down the Russian project.


For example, Denmark issued a permit to build a gas pipeline in the country's exclusive economic zone only at the end of October. Earlier, the Russian president called on the Danish authorities not to succumb to pressure from the United States and to defend their sovereignty.


Recall that Nord Stream-2 will run along the bottom of the Baltic Sea from the coast of Russia to the coast of Germany. The throughput of the pipe is 55 billion cubic meters of gas per year. The project cost is estimated at 10 billion euros.

Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.