Fuel and energy
The reason is technical problems on the pipeline.
According to the company, the restrictions will hit over 120 enterprises from more than 12 European countries.
The implementation of the project "Nord Stream - 2" is necessary for Germany.
In the baseline scenario it may increase to 71 dollars by 2025, to 76 dollars by 2030, and to 85 dollars per barrel by 2040.
This was reported by the newspaper Kommersant.
The cost of Brent was 42.47 US dollars per barrel; the price of futures for WTI was 40.24 dollars.
According to experts, from 2021, the demand will return to growth.
According to the antimonopoly regulator, it also issued an order to terminate the contracts concluded to finance the construction of the gas pipeline.
It results in a loss of over 3 million euros in potential revenues.
In the foreign exchange market, the US dollar also began to lose ground, although not so significantly.
Copenhagen declared that it is not going to revoke the work permit for political reasons.
According to the statistics of the Chinese customs, Australia occupies the first position in the country’s market. It is followed by Malaysia and Indonesia, from which Russia is not far away.
“In view of the direct sanctions threat… there will be no Club cover for any activity involving or related to the Nord Stream 2 or Turk Steam construction projects,” the document reads.
This was reported by US Secretary of State Mike Pompeo.