The EU is devoid of levers and tools that would allow it to stop the Nord Stream 2 project, as Ukrinform reported citing High Representative of the European Union for Foreign Affairs and Security Policy Josep Borrell.
“Concerning Nord Stream 2. Yes, it is a contradictive infrastructure. The European Commission has already stated that this infrastructure will not lead to diversification of energy sources in the EU; however, exactly it is one of the tasks of our Energy Union. It is our private project. The European Union does not have the means and tools to decide what to do with the Nord Stream 2. It is the thing of private firms, it is the thing of Germans,” Borrell said.
Concerning the attempts of Washington to stop the implementation of this project, Borrell stood against the introduction of the U.S. sanctions against the European firms, participating in the pipeline construction.
“Do not ask me about the support of the American sanctions against firms that build Nord Stream 2. I stand against exterritorial sanctions applied by the U.S. side…We should keep a balanced approach,” the EU representative said.
Earlier, U.S. State Secretary Antony Blinken stated that the Nord Stream 2 pipeline, which runs from Russia to Germany, contradicts the interests of the EU and Ukraine alike.
Besides, he reminded all contributors to the Nord Stream II project about the threat of American sanctions.
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.
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.