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23 Nov 2020, 13:44
Kerstine Appunn

US threatens to go through with sanctions over Nord Stream 2 pipeline

dpa

The government of the United States is increasing its pressure on people and companies associated with the construction of the Nord Stream 2 pipeline between Russia and Germany again, reported dpa. 鈥淭his pipeline is not happening鈥, a high-ranking government representative told the . 鈥淭his is what a dying pipeline looks like,鈥 the source added. The US government had identified a number of companies and people who, according to the sanctions act targeting Nord Stream 2, were going to be subject to penalties.

The parties concerned are currently being contacted and informed about the pending penalties, the article says. "We are making these calls to warn them and give them time to get out," said the government representative. Calling the pipeline a 鈥済eopolitcal project that Russia would use to blackmail European countries鈥, the source suggested that companies concerned should 鈥渁pply force majeure clauses to withdraw their participation in Nord Stream 2鈥. He didn鈥檛 disclose which companies would be contacted.

Construction of the 2,460km gas pipeline between Russia and Germany was halted by the construction ships after the US enacted a sanctions bill () in December 2019.聽Nord Stream 2聽has been completed but for about 100 km. No sanctions have yet been imposed under PEESA. Some investors have assured the US government that they would not increase their investment to help the project continue, according to the dpa source. Nord Stream 2 itself states that all five investors and shareholders continued to support the project.

骋别谤尘补苍测听has been debating a stop to the pipeline project, which聽has been contested聽by stakeholders in Germany, several of the country's neighbours and the United States government.聽Nord Stream 2 is to transport natural gas directly from Russia to Germany through twin pipelines underneath the Baltic Sea. Proponents argue the pipeline is a commercial investment that is key to Europe's supply security as domestic natural gas production declines.

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