EU Bank: Quarrels Hindering Baltic Gas Pipeline

The European Investment Bank on Thursday said that quarrels between European Union member states were blocking a funding of a disputed Russian-German natural gas pipeline.

Several EU member states were opposed to fund the project, said EIB vice president Matthias Kollatz-Ahnen.

So far, the EU bank had not received an official application for financing and was not holding talks with the developers of the
project,
Kollatz-Ahnen told reporters after the bank presented its annual report.
Rigzone