Germany to discuss creation of foundation for Nord Stream-2

Germany to discuss creation of  foundation for Nord Stream-2

The German state of Mecklenburg-Vorpommern plans to set up a foundation to facilitate the completion of the Nord Stream 2 (NS2) pipeline to bring Russian gas to Germany and to fend off the threat of increased U.S. sanctions that halted work last year, Reuters reports.

A spokesman for the state premier’s office in Schwerin confirmed media reports that the local coalition, made up of Chancellor Angela Merkel’s conservatives and Social Democrats, aimed to launch a public sector foundation. “I can confirm that the state government intends to set up a foundation for climate protection to be considered by a cabinet meeting today (Wednesday) and that the state parliament is due to consider it at a meeting tomorrow,” a spokesman for the state premier’s office said, Reuters informs.

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