Advertisements

Russia: Nord Stream 2 Will Be Completed Despite US Sanctions

0 2,116

MOSCOW/WASHINGTON, D.C. – The US’ sanctions will not suspend the construction of the Nord Stream 2 pipeline, Kremlin Spokesman Dmitry Peskov told reporters on Wednesday.

- Advertisement -

“We assure you that the project (Nord Stream 2) will be completed,” he stated when asked whether the US’ sanctions might suspend the creation of the gas pipeline, TASS reported.

Possible US sanctions against Nord Stream 2 violate international law and present a perfect example of unfair competition, according to Peskov.

“Such actions [US sanctions] are a direct violation of international law, they present an ideal example of unfair competition and spread their artificial dominance in European markets, imposing more expensive and uncompetitive products on European consumers – more expensive natural gas,” he told reporters.

In his opinion, “neither Moscow, nor the European capitals, Berlin or Paris like such actions”.

The United States Senate approved the National Defense Authorization Act (NDAA) specifying the annual budget and expenditures of the US Department of Defense for the 2020 fiscal year (started on October 1), which obliges the administration to impose sanctions on the Russian Nord Stream 2 and TurkStream pipelines.

Earlier, on December 11, the House of Representatives voted for the document, and now the United States President Donald Trump is expected to sign it. The United States leader expressed his willingness to sign the bill as soon as it is adopted by the lawmakers.

The Nord Stream 2 project involves the construction of two lines with a total capacity of 55bln cubic meters of gas per year from the coast of Russia through the Baltic Sea to Germany. Gazprom’s European partners in the project are German Uniper and Wintershall, Austrian OMV, French Engie and Anglo-Dutch Shell.

The pipeline bypasses transit states – Ukraine, Belarus, Poland, and other East European and Baltic countries – through the exclusive economic zones and territorial waters of Russia, Finland, Sweden, Denmark, and Germany.

Advertisements
Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.

Get real time updates directly on you device, subscribe now.

Comments