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Gas prices near record highs as Berlin rejects pipeline from Russia
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theguardian.comGas prices across the UK and Europe are on course to return to record highs, after Germany said that a controversial pipeline from Russia could not be approved amid deepening tensions on the Ukrainian border.
The German foreign minister, Annalena Baerbock, said the Nord Stream 2 pipeline could not be given the green light in its current form because it did not meet the requirements of EU energy law.
Baerbock added that the escalating tensions on Russia’s border with Ukraine, where the Kremlin has reportedly amassed 100,000 troops, was “also a factor” because Berlin had agreed with the US that the pipeline should not be used as a political weapon in Moscow’s deteriorating relationship with Kyiv.
In response Europe’s benchmark gas price climbed
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