U.S. prepares sanctions to interfere in Nord Stream II construction

Source : 112 Ukraine

The restrictions will be imposed on companies and banks involved in the construction works
08:47, 20 August 2018

Open source

U.S. leaders are working on the bill on sanctions that get in the way of construction of Nord Stream II pipeline. The Wall Street Journal reported that with the reference to acting and former U.S. officials.

The restrictions will be imposed on companies and banks involved in the construction works, or other financial entities funding the project. The new sanctions may be introduced over several weeks, the article says.

The U.S. is concerned about the new pipeline and potential increase of dependence of Europe from the Russian natural gas. Washington intends to warn the EU that the sanctions are coming.

As it was reported earlier, Russia's energy monopolist Gazprom refused to abide by the decision of Stockholm arbitrary court. Gazprom's delegation offered the Ukrainian side to either submit amendments to the gas deal or to break it. Naftogaz considers such actions a violation and disrespect for the decision made by Stockholm arbitrary court. Naftogaz refuses to accept Gazprom's offers. The Russian company's denial to obey the decision of the international arbitrary questions Gazprom's reliability as European gas industry's partner', the message said, quoting Naftogaz's Chief Commercial Officer Yuriy Vitrenko. 

Two arbitrary disputes between Gazprom and Naftogaz at the Arbitration Institute lasted for over three years: the dispute on the gas debt – from June 2014 to December 2017, on the transit agreement – from October 2014 to February 2018. There are less than two years left until both agreements terminate (at the end of 2019).

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

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

Related: The shadow man of the Nord Stream - 2

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