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U.S. sanctions to not affect construction of Nord Stream II, - media

Most of Trump's administration's actions against the construction of the gas pipeline only facilitated the process
13:40, 2 July 2018

Reuters

U.S. president Donald Trump is unlikely to affect the development of Nord Stream II initiative, even after sanctions against all European partners of Gazprom company are implemented. Die Welt wrote that, quoting Paul Corcoran, the financial director of the project.

'The project will surely be funded. It is important for Gazprom, and Russia's Euro liquidity is now quite high... the economic sanctions against Russia may lead to even more options to fund Nord Stream II', he said as quoted.

The outlet wrote that most of Trump's administration's actions against the construction of the gas pipeline only facilitated it, so the U.S. sanctions may considerably help the cause instead of dealing the damage.

Earlier, Russia blamed Denmark for what it calls the deliberate dragging of time when it comes to issuing permissions construction of Nord Stream 2 pipeline. Izvestiya, the Russian newspaper released the respective article, referring to the 'sources in the diplomatic circles'. 

Related: Nord Stream 2 can be constructed without foreign investments, - media

According to the outlet, the Danish government is afraid of spoiling the relations with the U.S., which now pays efforts to remove the Russian gas from the European market. 

'Denmark's main worries are that it could disappoint the major ally, Washington, which has been twisting the arms of its partners in order to remove the Russian gas from the European marker and fill it with its own liquefied natural gas (LNG). At the same time, Copenhagen does not want to spoil the relations with Berlin, which stands for construction of the Nord Stream II as a commercial project. 

'This is a tough spot that Denmark stays on', the outlet quotes its sources, which is never revealed.   

The Danish government replied, telling the Russian newspaper that the issue is now being considered. 'In order to make the decision, Denmark needs to assess the consequences for the environment, as well as whether the project meets the national interests in the foreign policy and defense area', the authority said.

Related: Parliament Spokesperson urges US to deter Nord Stream 2 construction

Related: Danish Prime Minister offers to assess risks of Nord Stream 2 for Ukraine

Related: Nord Stream 2 construction: Denmark intentionally drags time, Russia says

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