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U.S. Ambassador threatens German companies with sanctions due to Nord Stream 2 project

Richard Grenell: companies involved in Russian energy exports are taking part in something that could prompt a significant risk of sanctions
15:56, 13 January 2019

Open source

German companies constructing the Nord Stream 2 pipeline received a letter from the US ambassador to Germany, Richard Grenell, warning of "a significant risk of sanctions," DW reports.

“We emphasize that companies involved in Russian energy exports are taking part in something that could prompt a significant risk of sanctions," the letter says.

The US ambassador noted that "the gas pipeline has serious geopolitical consequences for our European allies and partners."

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Grenell wrote that the pipeline would make Europe dependent on Moscow and increase the threat of Russian interventions.

We recall that the North Stream - 2 is actively opposed by Ukraine, Poland, the Baltic countries, and the United States. They call on the authorities of the European Union to block this project, stating that this is a “gas needle,” which increases the dependence of Europeans on energy supplies from the Russian Federation.

In the event of the launch of two gas pipelines with a total capacity of 55 billion cubic meters per year, Ukraine will lose $ 2-3 billion in revenue from the transit through its gas transmission system, which is almost 3% of GDP. Commissioning of the Nord Stream - 2, the cost of which is estimated at 9.5 billion euros, is scheduled for the end of 2019.

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