Germany rejects U.S. sanctions against Nord Stream 2

The German Economy Ministry has taken note of the threat of U.S. sanctions being placed on the Nord Stream 2 gas pipeline project, a spokeswoman said.

She added that Berlin rejected sanctions that have extraterritorial effect, Reuters reported.

U.S. Energy Secretary Rick Perry said earlier that a sanctions bill putting onerous restrictions on companies involved in the Nord Stream 2 project would come in the “not too distant future”.