Die Welt estimated Germany’s financial losses from the Nord stream – 2 shutdown

German taxpayers will lose billions of euros if the Nord Stream 2 project is stopped.

This was reported by Die Welt.

According to the newspaper, investments in the project are estimated at 12 billion euros.

“The damage that may have to be covered by taxpayers could be significantly greater. After all, we are talking not only about the money invested in the construction, but also about the expected income of future operators,” writes Die Welt.

In addition, the head of the Bundestag Committee on Economy and Energy Klaus Ernst believes that if the project is abandoned, energy cooperation between Russia and Germany will be under threat, which “does not meet either German or European interests.”

In an interview with the newspaper, the deputy said that this could ruin the reputation of Germany, and the operator may demand substantial compensation for the refusal to build Nord Stream 2.

Earlier, Finansovaya Gazeta wrote that German Chancellor Angela Merkel does not rule out abandoning Nord Stream 2 due to the poisoning of Alexei Navalny.