Contents tagged with Nord Stream
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Merkel decides to no longer defend Nord Stream 2
The poisoning of Alexei Navalny, who, according to Germany, was poisoned by a Soviet-era nerve agent Novichok, seems to put an end to the North Stream-2 gas pipeline, which cost 10 billion euros and was stopped by U.S. sanctions.
German Chancellor Angela Merkel, who for years defended the pipeline from attacks by the United States and Eastern European countries, abandoned her unequivocal position.
Berlin will not decide on its own the fate of the project, which was half paid for by European …
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German Uniper admits failure of Nord Stream 2
Construction of the Nord Stream 2 pipeline, halted by U.S. sanctions, may no longer resume, and investments in the 10-billion-euro project may have to be completely written off, according to the IFRS report for the first half of 2020 by the German concern Uniper - one of the five European partners of Gazprom, which financed half of the cost of the project.
"Given the new U.S. sanctions, there is an increased risk that construction will be frozen or completely halted," the report said.
The …
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Poland: Nord Stream 2 will help Putin to buy more weapons
During an online conference organized by the American think tank the Atlantic Council, Polish Prime Minister Mateusz Morawiecki said that he believes that the Nord Stream 2 gas pipeline will allow Russia to buy weapons using European money, reports Polskie Radio.
"We would like such steps [construction of Nord Stream 2] to be taken on the basis of consensus in NATO," the head of the Polish government said. According to him, the North Atlantic Alliance is important for the preservation of peace …
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Poland fines Gazprom for violating antitrust law
The Polish Office of Competition and Consumer Protection UOKiK (Urz'd Ochrony Konkurencji i Konsument) has fined Russian gas giant Gazprom 213 million zlotys, which is equivalent to $50 million USD.
The reason for imposing such a large fine was Gazprom's refusal to provide UOKiK with the data on contracts concluded by its subsidiary Nord Stream 2 with European companies financing the construction of the Nord Stream-2 gas pipeline. In November 2019, the French company Engie was fined 172 …
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U.S. Senate approves new sanctions against Nord Stream 2 pipeline
The U.S. Senate has approved the draft National Defense Authorization Act for fiscal year 2021, which includes new sanctions against the Nord Stream-2 pipeline.
The document, which was approved by the House of Representatives earlier this week, received 86 votes in favor and only 14 against.
The $740.5 billion Defense Budget contains a provision for tightening sanctions against the Nord Stream 2 project, which has been under sanctions since December last year, effectively halting its …
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U.S. House of Representatives approves additional sanctions against Nord Stream 2
The U.S. House of Representatives voted in favor of an amendment to impose additional sanctions on participants of the Nord Stream 2 and Turkish Stream gas pipelines. The session was broadcast on Monday, July 20, on the website of the lower house of the American Parliament.
The amendment is for the National Defense Authorization Act (NDAA) for fiscal year 2021 (begins on October 1.). It was approved unanimously.
"Russia is trying to develop the Nord Stream 2 pipeline to exert undue control on …
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Merkel: Nord Stream 2 must be completed
Washington's plans to impose new extraterritorial sanctions on the Nord Stream 2 gas pipeline do not meet Germany's legal framework, stated German Chancellor Angela Merkel, answering questions from Bundestag deputies on Wednesday, July 1. According to Merkel, it would be right to complete this project, although construction is difficult.
"We are acting in this vein," the head of the German government stressed. It also pointed out that Nord Stream 2 was an "economic project with a political …
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U.S. Congress introduces draft bill with new sanctions against Nord Stream 2
Members of the U.S. House of Representatives have introduced a bill on additional sanctions against the Nord Stream 2 pipeline. The document entitled "Protecting Europe's Energy Security Clarification Act of 2020" accompanies a similar bill prepared in early June in the U.S. Senate.
Nine congressmen, six Republicans and three Democrats - have drafted and supported the new project. The introduction of a parallel bill usually means that senators and members of the House of Representatives who …
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EU prepares response to US sanctions against Nord Stream 2
The European Commission is preparing a response to Washington's sanctions against the Nord Stream 2 gas pipeline, as stated in the written response of the EU High Representative for Foreign Affairs and Security Policy Josep Borrell to the request of the MEP Emmanuel Morel. At the same time, European Commission spokesman Eric Mamer did not provide details on Friday, June 26, what exactly the EU's response would be, DW reports.
In late 2019, U.S. President Donald Trump imposed sanctions on …
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Gazprom takes Germany to court over Nord Stream 2 decision
Nord Stream 2 AG has appealed to the Supreme Regional Court of Dusseldorf against the decision of the German Federal Network Agency, which refused to exempt the Nord Stream-2 gas pipeline from the EU Third Energy Package.
The Swiss company, 100% owned by Russian gas giant Gazprom, considers the decision of the German regulator "discriminatory" and contrary to the "constitutional guarantees of the Basic Law" of the country, reports Interfax, citing a statement of Nord Stream 2 AG.
The German …