According to the German politician, the coronavirus pandemic could affect the fate of the project in an unexpected way
According to RIA Novosti, Waldemar Gerdt of the German Bundestag fears that the total lockdown imposed by the German government due to the coronavirus epidemic could have a negative impact on the entire German economy, as well as reduce its energy intensity, significantly reducing the need for gas. This makes the construction of an additional pipeline less urgent.
“This is a very serious challenge for the whole business. I don’t think most small and medium-sized businesses will be able to recover normally from the lockdown. Entire industries will be left in ruins. It means hundreds of thousands of unemployed, unpaid loans, lost business”, – Gerdt said. – “If the economy of Germany and the EU collapses now, there will be no demand for this fuel, not as much as anticipated, so maybe we should not build it up so quickly and so urgently.”
At the same time, the MP expressed confidence that the project will be completed in any case, and the economic relations between Germany and Russia are much broader than the issue of a specific pipeline.Facebook has restored Donald Trump’s accounts