US Insider - US is preparing to sanction Nordstream 2 gas pipeline

04:36  30 may  2020
04:36  30 may  2020 Source:   pressfrom.com

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US greenlights sanctions on mega Russia-EU gas pipeline , but it's probably too late. The U . S . Senate has approved a defense bill that will see sanctions imposed on companies working on Russia's massive flagship gas pipeline project to Germany — but the sanctions might not have much effect

Nord Stream is a system of offshore natural gas pipelines from Russia to Germany. It includes two lines running from Vyborg to Greifswald forming original Nord Stream (Nord Stream 1)

Washington, May 30 (Reuters) - The US is preparing to sanction Nordstream 2 gas pipeline. Two senators would impose punitive measures against the construction of the Baltic Sea gas pipeline between Russia and Germany next week, a person familiar with the process said on Friday to Reuters. Accordingly, no ship involved in the construction may call the United States. Assets in the US from those involved should be frozen. Both Republicans and opposition Democrats reject Nordstream 2. US President Donald Trump has also criticized the project several times. The federal government had condemned sanctions as serious interference in internal affairs.

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The sanctions bill includes a 30-day “wind-down period” that allows targeted companies to halt their operations after the law comes into effect. White line indicates the path the Solitaire pipe lay vessel has taken in the past few weeks. The yellow line shows the route Nord Stream 2 will follow thorough

A company laying pipes for the Nord Stream 2 gas pipeline between Russia and Germany says it has stopped construction. On Friday, President Donald Trump approved sanctions against companies involved in the pipeline 's construction. The US has criticized the project for handing too much power

Last year, the Dutch-Swiss company Allseas withdrew from construction due to US pressure. Since then, a Russian pipeline publisher has completed the missing 160 kilometers. Nord Stream 2 is the second Baltic Sea pipeline between Russia and Germany. The Trump administration bases the rejection on the fear that Europeans would become dependent on Russian deliveries. At the same time, the US wants to sell its own natural gas to Europe.

Behind the pipeline project is the Russian state-owned company Gazprom, which is to finance half of the planned total costs of EUR 9.5 billion. The other half are financed by five European energy companies such as Wintershall Dea, OMV and Uniper, Royal Dutch Shell and Engie. (Reporter: Timothy Gardner, written by Hans-Edzard Busemann; if you have any questions, please contact the editorial team on telephone numbers 069-7565 1236 or 030-2888 5168.)

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