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The U.S. finalizes development of sanctions against Nord Stream-2

The sanctions can be introduced in a couple of weeks if necessary
13:30, 19 August 2018

Open source

The USA has almost completed the bill on sanctions that might impede the completion of the construction of the Nord Stream-2 by introducing sanctions against companies involved in the construction. The Wall Street Journal reports this with a reference to the current and former American officials.   

Currently, Washington is deciding whether to introduce the measures against the pipe-rolling companies only or to extend them to the organizations including the banks, which fund the project.  

Related: Poroshenko: Nord Stream 2 is Kremlin’s ‘Trojan horse’ in EU

The White House is refining the sanctions jointly with the State Department, the Ministry of Trade and energy departments. Washington will warn the UN about the introduction of the sanctions in advance. The American side believes that the new gas pipeline will strengthen the dependence of Europe on Russian gas, reinforcing the Kremlin's "political leverage" and substantially increase its revenues. 

It is noteworthy that the construction of the gas pipeline is being undertaken by the company, which owns 100 percent of the shares - Gazprom. One of the foreign investors of the gas pipeline is OWV Austrian company. Earlier, Rainer Zele, Head of the company said that the sanctions against the Nord Stream-2 would be unfair.  

Related: The US may introduce sanctions against German companies for Nord Stream-2

The construction of the Nord Stream-2 became a topic, which recently was discussed by German Chancellor Angela Merkel and Russian President Vladimir Putin. In a joint press statement before the talks, Merkel claimed that Ukraine should remain the participant in the gas transit process to Europe after the launch of the Nord Stream-2.  

Related: Putin and Merkel discuss Syria and Ukraine

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