“Nord stream-2” operator responds to US threats to impose sanctions

The US State Department’s threats to impose sanctions against companies building the “Nord stream-2” gas pipeline reflect a disregard for the interests of the European industry, Nord Stream 2 AG told.

The operator recalled that energy companies from Austria, Germany, France, and the Netherlands have committed to invest almost a billion euros in the project, and more than a thousand firms from 25 countries are fully committed to its completion.

Nord Stream 2 AG noted that if the pipeline is not completed, European residents will be forced to pay billions of dollars more for gas.

“Get out immediately”

Earlier, Secretary of state Mike Pompeo called on companies involved in the construction of the pipeline to “immediately get out” of the project, threatening consequences.

The diplomat explained that these are measures provided for by the CAATSA law (“On countering America’s adversaries through sanctions”).

“Political pressure”

Foreign Ministry spokeswoman Maria Zakharova considered the threats from Washington “an indicator of the weakness of the American system.” She noted that the US uses political pressure in the interests of unscrupulous competition.

At the end of last year, the US authorities adopted a defense budget that provides for the introduction of restrictions against organizations involved in the implementation of the “Nord stream-2.” After that, the Swiss Allseas almost immediately announced the suspension of work.

Earlier, the head of the energy Ministry Alexander Novak said that Russia has the opportunity to complete the gas pipeline with its funds if Allseas cannot do it. Now two vessels can implement the project: “Academician of the Chersky” and “Fortune.”

Experts estimate that “Nord stream-2” will be completed by the end of the year.

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Author: Steve Cowan
Graduated From Princeton University. He has been at the Free Press since October 2014. Previously worked as a regional entertainment editor.
Function: Chief-Editor
Steve Cowan

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