The operator of “Nord stream-2” commented on the draft of new US sanctions

Nord Stream-2 is aware of the draft law on sanctions against “Nord stream-2,” submitted to the US Senate, the official representative of the project operator Jens Mueller told.

According to him, the operator is already analyzing the possible consequences for the construction of the gas pipeline if the restrictions are adopted.

“Western European energy companies from Austria, Germany, France, and the Netherlands invested almost a billion euros each in the project. More than a thousand companies from 25 countries are fully interested in completing the project”

Mueller said.

He noted that such measures by Washington demonstrate a disregard for the interests of consumers in the European Union, who will have to pay billions more for gas if the pipeline, is not built.

New US sanctions

The bill presented on Thursday proposes to impose sanctions against insurance companies that provide services to vessels working on the “Nord stream-2” pipeline. In particular, it provides for the possibility of sanctions against firms that offer underwriting, insurance, and reinsurance services for ships. The possibility of sanctions against those who provide other services to participants in the construction of the pipeline is also assumed.
“Nord stream-2” involves the construction of two strands of a gas pipeline from the Russian coast through the Baltic sea to Germany. Their capacity will be 55 billion cubic meters of gas per year.

The project is actively opposed by the United States, which is pushing its liquefied natural gas to the European market, as well as Ukraine, which is afraid of losing revenue from Russian transit.
Washington in December imposed sanctions against the project, requiring the companies to lead the laying to stop construction immediately. Swiss Allseas almost immediately announced the suspension of the gas pipeline.

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