The Senate Foreign Relations Committee approved the bill aiming for the imposing of the sanctions against Russia for Nord Stream 2 construction as The New York Times reported.
The bill is called ‘Energy Security Cooperation with Allied Partners in Europe Act of 2019’. It provides the imposing of sanctions against Russian gas pipeline Nord Stream 2. It also urges the NATO states-members not to purchase the Russian gas. Moreover, the document aims to facilitate the export of natural gas from the U.S. The document submitted to the Senate for complete approval. Then it will be passed to the House of the Representatives. The U.S. President should sign the bill to make it come into force.
Earlier we reported that the German ruling coalition drafted a new law that is supposed to protect the newly constructed Nord Stream-2 gas pipeline from the stricter rules of the updated EU's gas directive.
As we reported, the OSCE Committee on Political Affairs and Security has adopted a resolution on energy security in Europe, which mentions the Nord Stream 2 and Turkish Stream gas pipelines.
Nord Stream 2 will have the capacity to transport 55 billion cubic meters of gas per year from Russia to Germany along the bottom of the Baltic Sea. Ukraine could lose up to $ 3 billion, or 3% of GDP due to the Nord Stream-2.
Ukraine is adamantly opposed to the construction by calling it politically motivated and suggesting the EU to create a consortium with the involvement of European companies to manage the existing and more efficient transportation route through Ukraine. A number of EU countries have expressed their disagreement with the Nord Stream 2 project, in particular Poland and Lithuania.