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U.S. plans to impose sanctions against Nord Stream 2

The United States can soon prepare a bill that provides for a restriction on North Stream 2
21:27, 21 May 2019

A worker at the landing site of Nord Stream 2 gas pipeline, operated by Gazprom PJSC, in Lubmin, Germany
Bloomberg

The United States plan to sanction companies helping construct the Nord Stream 2 gas pipeline being laid from Russia to Germany under the Baltic Sea. This was reported by Bloomberg agency with the reference to the U.S. Energy Secretary Rick Perry who said this on Tuesday in Ukrainian capital Kyiv.

“The opposition to Nord Stream 2 is still very much alive in the U.S. I expect over the course of the not-too-distant future that the U.S. Senate as well as the U.S. House send a bill to the president of the U.S. that will have some very, very onerous restrictions on companies that continue to do business with the Nord Stream 2 development. So stay tuned,” Perry said.

That comes a day after the Gazprom PJSC-controlled company said that none of its contractors had pulled out because of the threat of U.S. sanctions.

The U.S. argues that Nord Stream 2 increases Europe’s reliance on natural gas from Russia, which already provides more than a third of the region’s fuel, while at the same time threatening supplies to Ukraine, a key transit nation. The controversial link is backed by Germany and is still scheduled to start by the end of the year, though it faces delays from permitting issues in Denmark.

Related: U.S. and UK jointly oppose Nord Stream 2

The “implementation of Nord Stream 2 is not subject to political sentiment” and Gazprom, as well as financial partners Uniper SE, Engie SA, Royal Dutch Shell Plc, OMV AG and BASF SE’s Wintershall, “are fully committed to the project,” Nord Stream 2 AG said.

As it was reported earlier, the Chancellor of Germany Angela Merkel stated that the European Commission would not be able to block the construction of Nord Stream 2 gas pipeline.

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 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.

Related: U.S. Ambassador to Germany threatens German companies with sanctions for participating in Nord Stream 2

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