Republican Bill Provides Sanctions Against Nord Stream Partners 2



[ad_1]

Economics

Short URL

A Republican Senator presented to the US Congress a bill that would would impose sanctions on organizations involved in the construction of the Nord Stream 2 pipeline, which would unify Russia and Germany without intermediaries.

According to the document presented by the chairman of the Senate Committee on the Environment and Public Works, John Barrbado, the measure aims to "improve energy security" of NATO members. To this end, it should impose sanctions on all entities that "invest in one way or another in the project, sell, rent or provide goods, services, technologies, information or support Russia in the construction of its pipelines ".

The measure would affect the major European energy companies with interests in the development of the project. Among them, Engie (France), Uniper (Germany), Wintershall (Germany), OMV (Austria) and Royal Dutch Shell (Netherlands), which among the five financed 50% of the project.

The US Legislature believes that The Kremlin uses the supply of energy resources as an instrument of political pressure towards Europe

"This involves a large amount of money that goes directly to our NATO allies in the pockets of the Kremlin, aggression in Europe and in other parts of the world ", states the note accompanying the document

40% of the gas consumed in the EU comes from Russia. John Barrbado however does not specify the specific cases in which Moscow has threatened the EU member states or NATO to cut gas supply.

The German Ambbadador: Nord Stream 2 will guarantee the energy supply EU insurance

However, once the project approved, this decision will not affect Russia, but allies and US partners in the EU, said the chairman of the State Duma Energy Commission. Russia – Lower House of Parliament – Pável Zavalny

"These actions are rather directed against Europe because the sanctions will affect not only the North Stream2, but also the EU." If the Nord Stream 2 is not put in The Europeans will have to buy gas at a higher price [desde EEUU] In a context of declining their own production, they will not be able to do without the supply , Zavalny told the Russian media

North Strait Gas Pipeline The project, together with the Turk Stream project, aims to minimize the risk of transit of gas from Russia by precisely avoiding the pbadage of fuel across countries intermediate. The Nord Stream 2 will connect Russia and Germany across the bottom of the Baltic Sea.

In March 2018, the German authorities gave the green light to the construction of the 85-kilometer section that will cross the Teutonic territory. In total, three countries have authorized construction: Germany, Finland and Switzerland, which cover 89% of the pipeline route. For the moment, only the agreement with Denmark is missing

More: Why did Denmark become the last stone of Nord Stream 2?


©
Sputnik /

The Nord Stream 2 Pipeline in Detail

[ad_2]
Source link