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Russia vows retaliatory sanctions on U.S. over Nord Stream 2 pipeline

Russian President Vladimir Putin. Photo: Mikhail Svetlov/Getty Images

Russia vowed Monday to respond to U.S. sanctions on its Nord Stream 2 natural gas pipeline to Germany, the AP reports.

The big picture: The U.S. enacted sanctions last week against individuals and companies building the pipeline — which forced a major contractor to suspend its work — arguing that it would increase Europe's dependency on Russian energy.

  • Russian Foreign Minister Sergey Lavrov called the sanctions "absolutely unacceptable, blunt actions that violate all norms of international law and diplomatic and human decency," according to the AP.
  • Dmitry Medvedev, Russia's prime minister, said he has tasked his Cabinet with "possible restrictions" on the U.S. as retaliation.

The state of play: Germany said last week that it regretted the sanctions and believes the U.S is interfering in German domestic affairs.

  • German Chancellor Angela Merkel said that the country is not considering retaliating against the sanctions.

Go deeper:

Go deeper

Dion Rabouin, author of Markets
1 hour ago - Economy & Business

How the tech stock selloff is hurting average Americans

Expand chart
Data: FactSet; Chart: Axios Visuals

Investors holding the ultra-popular Nasdaq 100 and S&P 500 index funds have been hard hit over the last two weeks as tech shares have been roiled by rising U.S. Treasury yields.

Why it matters: Even though the economy is growing and many U.S. stocks are performing well, most investors are seeing their wealth decline because major indexes no longer reflect the overall economy or even a broad swath of public companies — they reflect the performance of a few of the country's biggest companies.

Go deeper (1 min. read)Arrow
Fadel Allassan
1 hour ago - World

UN rights chief: At least 54 killed, 1,700 detained since Myanmar coup

A Feb. 7 protest in Yangon, Myanmar. Photo: Getty Images/Getty Images

Police and military officers in Myanmar have killed at least 54 people during anti-coup protests, while "arbitrarily" detaining over 1,700 people, United Nations Human Rights Commissioner Michelle Bachelet said Thursday.

Why it matters: Protesters have demonstrating across Myanmar for nearly a month, demanding the restoration of democracy after the country's military leaders overthrew its democratically elected government on Feb. 1.

Go deeper (1 min. read)Arrow
Sam Baker
3 hours ago - Health

The danger of a fourth wave

Expand chart
Data: The COVID Tracking Project, state health departments; Note: Anomalous Arkansas case data from Feb. 28 was not included in the calculated change; Map: Andrew Witherspoon/Axios

The U.S. may be on the verge of another surge in coronavirus cases, despite weeks of good news.

The big picture: Nationwide, progress against the virus has stalled. And some states are ditching their most important public safety measures even as their outbreaks are getting worse.

Go deeper (2 min. read)Arrow