Blinken reiterates that companies involved in Nord Stream II construction may face US sanctions

Source : 112 Ukraine

Department of the State intends to adhere by the Congress's legal framework in this regard, the official says
11:43, 19 March 2021

U.S. Secretary of State Antony Blinken

US Secretary of the State Antony Blinken reminded all contributors to the Nord Stream II project about the threat of American sanctions. He left the respective post on Twitter.

"The Biden administration has made clear the Nord Stream 2 is a bad deal. We continue to monitor activity and warn any entity involved in the Nord Stream 2 pipeline will risk sanctions. We are committed to complying with the Congressional legislation in this regard", Blinken wrote.

Earlier, we reported that the US Secretary of the State was ready to discuss the new sanctions with the Senate.

In December 2019, the U.S. introduce sanctions against the Nord Stream II, and Swiss-Dutch company Allseas stopped works on the pipeline; Russian gas monopolist Gazprom decided to complete the works on their own production capacities.

Related: Nord Stream 2: Germany at risk of compensation claims in case of dropping project

As we reported, the French insurance and investment group of companies AXA Group left the project of Nord Stream 2 pipeline construction. It became known that another 17 companies refused from further cooperation within this project.

Environment Minister Svenja Schulze stated that Germany might face compensation claims in arbitration courts if it suspends the Nord Stream 2 project.

Related: U.S. State Secretary Blinken ready to discuss new sanctions against Nord Stream 2 at Congress session

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