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Ukraine to lose $ 3 billion a year because of Nord Stream 2

According to Naftogaz of Ukraine board chairman, Ukraine receives about $ 3 billion a year through transit
17:31, 16 September 2018

Open source

Ukraine could lose up to $ 3 billion, or 3% of GDP due to the Nord Stream-2. This was stated in a speech at the Yalta European Strategy (YES) forum by the Naftogaz of Ukraine board chairman, Andriy Kobolev, reports Ukrainska Pravda.

Nord Stream-2 is a much broader issue than just a gas issue. It concerns the security of Ukraine. And it will not be an exaggeration to say that for us this is a matter of survival ... If we do not have gas transit, this will open the door for a full-fledged military invasion of Russia to Ukraine. This is not only a matter of money for Naftogaz of Ukraine, but also a security issue. Not only ours, but of the whole EU, "said Kobolev.

According to him, Ukraine receives about $ 3 billion a year through transit.

"If Nord Stream-2 is to start now, then in 2 years the project can be completed, and as soon as this happens, all calculations show that there will be no gas transit through Ukraine," Kobolev said.

He stressed that in this case part of the transit will go to the "Turkish flow", all the rest - to the "Nord Stream-2".

"For us, this will be a huge loss - $ 3 billion, or 3% of our gross domestic product, this is a huge amount," summed up the head of Naftogaz.

It should be noted that the company is engaged in the construction of the gas pipeline, 100% of shares of which are owned by Gazprom. One of the foreign investors of the pipeline is the Austrian OMV. Earlier, its head said that sanctions against Nord Stream-2 would be an "unfair step."

The construction of Nord Stream-2 was one of the topics discussed by German Chancellor Angela Merkel and Russian President Vladimir Putin. In a joint statement to the press before the talks, Merkel said that Ukraine must remain a participant in the process of gas transit to Europe after the launch of the North Stream-2.

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