Contents tagged with Nord Stream

  • U.S. prepares sanctions against specific companies involved in Nord Stream 2

    U.S. authorities have identified companies that will be sanctioned due to their involvement in the Nord Stream project, dpa news agency reported, citing a senior U.S. official.

    It is noted that not only companies but also individuals can be sanctioned if they do not stop their operations related to the pipeline.

    "We’re in the process of calling a number of these companies to make them aware that they’re likely engaged in sanctionable activity," the official said.

    At the same time, he did not …

  • German lobbyists ask Washington not to pursue sanctions against Nord Stream 2

    The Committee on Eastern European Economic Relations, an organization that lobbies for the interests German companies operating in Russia and Eastern Europe, appealed to prominent representatives of the U.S. Democratic Party with a request to abandon new, extraterritorial sanctions against the Nord Stream 2 gas pipeline. The letter is addressed to the Speaker of the U.S. House of Representatives Nancy Pelosi and other well-known Democratic politicians, reports the newspaper Handelsblatt. As the …

  • Biden intends to put an end to Russia's Nord Stream 2 pipeline

    U.S. President-elect Joe Biden wants to stop the Russian Nord Stream-2 project, writes the German newspaper Bild.

    "In the next few months, Joe Biden will tighten the reins again to stop the Kremlin's prestigious project," Bild writes.

    The publication reminds that the U.S. Senate has already agreed on the most severe sanctions against active supporters of the project. The sanctions will be put in place in January by the winner of the presidential race.

    According to Bild, European gas experts …

  • U.S. expands sanctions against Nord Stream 2

    The U.S. Department of State has expanded sanctions against the Nord Stream 2 pipeline, which is intended to transport Russian gas to Germany.

    Sanctions imposed late last year halted construction of the $10.5 billion pipeline. The sanctions affected the pipe-laying vessels for Nord Stream-2. To date, about 160 kilometers of pipeline on the bottom of the Baltic Sea remain to be laid to complete the project.

    The updated Protecting Europe’s Energy Security Act (PEESA) expands these restrictive …

  • Gazprom accuses the U.S. of trying to oust Russia from EU gas market

    Threats of sanctions from Washington against the Nord Stream 2 project are nothing more than attempts to oust Russia out of the European gas market usig non-market instruments, stated the head of Gazprom Export (Gazprom's subsidiary) Elena Burmistrova, speaking at the Flame online conference.

    "Unfortunately, there is an additional threat that is increasingly affecting our cooperation - a political confrontation in general and, in particular, the threat of U.S. sanctions against Nord Stream 2," …

  • Poland fines Gazprom $7.6 billion for Nord Stream 2

    Poland's Office of Competition and Consumer Protection (UOKiK) imposed maximum fines of $7.6 billion and $61 million respectively on Gazprom and five other companies for the construction of the Nord Stream 2 gas pipeline without its consent, reported the Polish antitrust regulator on Twitter.

    The regulator also ordered the termination of contracts for financing the construction.

    "Gazprom can appeal this decision in two instances of the administrative courts of Poland, then in the Supreme …

  • U.S. assembles coalition against Nord Stream 2

    The United States intends to form a coalition to prevent the completion of the Nord Stream 2 gas pipeline, said the U.S. Secretary of State Michael Pompeo in an interview with Bild.

    "The United States believes that the Nord Stream 2 gas pipeline poses a risk to Europe, as it makes it dependent on gas coming from Russia, as well as threatens Ukraine. We hope that the Nord Stream 2 gas pipeline will not be completed, we are working to create a coalition to prevent this from happening," said the …

  • European Commission President: hope for completing Nord Stream 2 is fading

    The EU's relations with Russia in connection with the construction of the Nord Stream-2 gas pipeline are unlikely to improve in the future. Therefore, the approach to this project should be changed, said the head of the European Commission (EC) Ursula von der Leyen, reports the newspaper Les Echos.

    "Russia's behavior has not improved and even tends to worsen. Our hope for further progress with this pipeline is fading," she explained.

    Therefore, the attitude towards Nord Stream 2, which used …

  • Germany offers U.S. a deal in exchange for lifting sanctions against Nord Stream 2

    The German government offered the United States a billion-dollar deal in exchange for lifting sanctions against the Nord Stream 2 project. Berlin has expressed readiness to invest up to 1 billion euros in the construction of two terminals for American liquefied natural gas, reported Die Zeit, citing sources. "In exchange, the United States will allow the smooth completion and operation of Nord Stream 2," said a letter from German Vice Chancellor and Finance Minister Olaf Scholz sent on August 7 …

  • Denmark calls for new discussion on Nord Stream 2

    Danish Prime Minister Mette Frederiksen has proposed a new discussion on the Nord Stream-2 gas pipeline after the poisoning of Russian opposition leader Alexei Navalny, reported the Danish TV and Radio Corporation DR.

    "I've been against North Stream 2 all along. I believe that we should not become dependent on Russian gas. It would be nice if we could start a new discussion on this issue," Frederiksen said.

    She welcomed the fact that German Chancellor Angela Merkel is now more critical of …