Russia–Germany: Crisis of Political Confidence as a Factor in Asymmetrical Relations

... suspended; subsequently, threatening extra-territorial sanctions against the current and future project partners, the US put a question mark over the project being completed/ the pipeline being put into operation. In early August 2020, EU Ambassador to Russia Markus Ederer said that the EU was designing a mechanism that would “also ensure that the EU becomes more resilient to exterritorial sanctions by third countries,” including Washington’s possible economic restrictions against Nord Stream II. The “Communication on Strengthening the EU's Financial and Economic Sovereignty” is to be ready by the end of 2020. In June 2019, the economic ministers of both states signed a Memorandum on Partnership for Efficiency based on provisions ...