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Joe Biden stands against construction of Nord Stream 2

Source : 112 Ukraine

The U.S. is going to impose sanctions against insurance and certification authorities that provide the work of the Russian vessels in the construction of the gas pipeline
22:03, 19 November 2020

Liga.net

Newly elected U.S. President Joe Biden has a negative attitude and stands against the construction of Nord Stream 2. The U.S. is going to impose sanctions against insurance and certification authorities that provide the work of the Russian vessels in the construction of the gas pipeline, as Bild reported.

According to the news agency, Biden considers the pipeline as ‘principally bad business’ and he will be the first to impose the severest sanctions against active supporters of the project.

American expert in energy security Alan Riley believes that new sanctions will force the Russian Gazprom to look far for certification and insurance companies and it will delay the implementation of the project. The main goal of Biden lies in the complete closure of the project and he is ready to develop the strategy that would be supported by Germany.

Related: Denmark grants permission to operate Nord Stream 2 gas pipeline on its continental shelf

Earlier, Chancellor of Germany Angela Merkel confirmed the intention of her government to continue and finish the construction of the Nord Stream 2 gas pipeline.

On July 27, Ukraine and Poland reached a consensus on the harm of the Nord Stream 2 gas pipeline to Europe's energy security and agreed to prevent its establishment.

On July 26, Denmark imposed a temporary ban for works on the construction of the gas pipeline in its territorial waters due to the cod pawning.

Related: Polish authority fines Gazprom for USD 7.6 bn, decision related to Nord Stream II case

On July 24, the U.S. Senate upheld the draft defense budget that includes sanctions against the Russian Federation.

Earlier, U.S. Secretary of the State Mike Pompeo warned participants in the Nord Stream 2 project about the opportunity to apply CAATSA law against them. On the other hand, EU top diplomat Josep Borrel stood against this initiative.

As we reported earlier, the head of EU diplomacy, Josep Borrell, opposed the plans of the U.S. to expand extraterritorial sanctions on a number of projects, including Nord Stream 2

Related: Nord Stream II: U.S. extends sanctions against companies servicing pipe-laying vessels

On July 13, it was reported that Germany's position on the construction of the Nord Stream 2 gas pipeline remained unchanged - the project had to be completed.

 

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