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Germany approves creation of special foundation to complete Nord Stream 2 bypassing U.S. sanctions

Source : 112 Ukraine

The foundation will deal with the purchase of equipment and construction materials to carve out other contractors from the possible U.S. sanctions
12:58, 8 January 2021

Nord Stream 2

In Germany, the Climate and Environmental Protection Foundation approved by the parliament of Mecklenburg-Vorpommern will take risks of the U.S. sanctions against contractors of Nord Stream 2 as Deutsche Welle reported.

The foundation will deal with the purchase of equipment and construction materials to carve out other contractors from the possible U.S. sanctions.

The announced goal of the foundation is the construction of the gas pipeline and support of the energy reform in Germany within which natural gas plays the role of ‘transition energy carrier’ during the refusal from nuclear and coal power stations.

Related: Czech Republic puts into effect gas pipeline connected to Nord Stream 2

The honorary chair of the foundation is ex-PM of Mecklenburg-Vorpommern Erwin Sellering who founded the non-governmental organization German-Russian partnership in Schwerin in 2018.

According to PM of Mecklenburg-Vorpommern Manuela Schwesig, the Russian gas pipeline has great economic meaning for this state.

The coastal infrastructure of the pipeline is situated in Mecklenburg-Vorpommern state.

Related: Norway refuses to certify Nord Stream 2 due to US sanctions

Nature and Biodiversity Conservation Union (NABU) and the World Wide Fund for Nature (WWF) of Germany criticized the plans for the creation of the special foundation for Nord Stream 2 construction.

Washington believes that the Nord Stream 2 will make Europe more dependent on the Russian gas. According to U.S. State Secretary Mike Pompeo, Washington works on the creation of the coalition to prevent the end of the construction. Germany and some other European countries held discussions about possible sanctions also concerning the Nord Stream 2 amid the poisoning of Russian opposition politician Alexei Navalny.

However, at the beginning of October, the Danish Energy Agency granted a permit to operate a section of the Nord Stream-2 gas pipeline, subject to a number of conditions ensuring the safe operation of the pipelines.

 

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