The German state where the controversial Russia-led natural gas pipeline Nord Stream 2 is planned to land has proposed the creation of a state-protected foundation that would hold the assets of Nord Stream in a bid to protect the project from U.S. sanctions, Bloomberg reported on Friday, citing a proposal of the provincial government of Mecklenburg–West Pomerania. The proposal is to hold the Nord Stream 2 assets inside a foundation whose official purpose will be to protect the environment, according to the document Bloomberg has seen. The United States, several European countries, including the Baltic states and Poland, as well as the European Union (EU), have expressed concern about Russia using gas sales and its gas monopoly Gazprom as a political tool. Germany, for its part, is looking at the economic benefits of the Nord Stream 2 project. In July, the United States warned the companies that were helping […]