Germany may set up special fund to fend off Russia’s Nord Stream 2 from sweeping US sanctions

The German state

The German state of Mecklenburg-Vorpommern may have a plan to facilitate the completion of Russia’s Nord Stream 2 pipeline amid US attempts to sink the $11 billion gas project in the Baltic Sea.

The regional government proposed to set up a special “Foundation for climate and environment protection.” In a statement on Wednesday, it said that the purpose of the organization is to carry out environmental projects as the nation is trying to phase out coal power, adding that it could also “contribute” to the finalizing of the Nord Stream 2 project.

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