Nord Stream 2
This gas pipeline, has been designed to transport gas from Russia to Germany and Europe, across the Baltic Sea. The total capacity of two strings of Nord Stream 2 is 55 billion cubic meters of gas per year. The aggregated design capacity of Nord Stream and Nord Stream 2 is therefore 110 billion cubic meters of gas per year. 
Germany and Europe are dependent on Russian gas, but German Chancellor Olaf Scholz halted Nord Stream 2 yesterday, noting that "This sounds technical, but it is a necessary administrative step to make sure that the pipeline cannot be certified at this point." 
This move came in light of Russia's recognition of two separatist regions in Eastern Ukraine earlier in the week, which Western countries condemned and led them to announce sanctions against Russia.
Sentiment is upbeat since yesterday, as the first tranche of western sanctions was probably underwhelming, while markets seem to think at this point in time that Putin will not move into the rest of Ukraine. Ukrainian President Zelensky expressed on Tuesday, his belief that a broad escalation on the part of Russia will not happen. 
Tensions are high and US President Biden said yesterday that this is the "beginning of a Russian invasion of Ukraine" , while US Secretary of State Blinken, called off Thursday's meeting with his Russian counterpart .
GER30 – H4
The German index extends the rebound from yesterday's 2022 lows (14,300) and eyes 15,000, but we are cautious about its ability to surpass the 15,350-15,400 area, above which downwards pressure would pause.
Despite its two-day advance, GER30 had plunged at the start of the week and it remains vulnerable to 14,300, although fresh risk-off wave will be required for a larger drop that would threaten 13,848.
Caution is needed, as markets monitor news around Ukraine, while Eurozone final January CPI is due shortly (10:00 GMT).
Senior Market Specialist
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. He has a long time presence at FXCM, as he joined the company in 2011. He has served from multiple positions, but specializes in financial market analysis and commentary.
With his educational background in international relations, he emphasizes not only on Technical Analysis but also in Fundamental Analysis and Geopolitics – which have been having increasing impact on financial markets. He has longtime experience in market analysis and as a host of educational trading courses via online and in-person sessions and conferences.
Retrieved 23 Feb 2022 https://www.gazprom.com/projects/nord-stream2/
Retrieved 23 Feb 2022 https://www.deutschland.de/en/news/scholz-halts-nord-stream-2
Retrieved 27 Jun 2022 https://twitter.com/StateDept/status/1496341547494920199