In Germany, fear of the impact of U.S. sanctions against the “Nord stream – 2” in the domestic company

The German authorities fear that the introduction of new us sanctions against the pipeline project “Nord stream – 2” affect the public service of the country and domestic companies. It is reported by Frankfurter Allgemeine Zeitung citing an internal document of the Ministry of economy of Germany.

The publication reports that according to the document, the sanctions may relate to companies that provide insurance services, upgrade pipe network and installation of ships pipe layers. Also affected the company responsible for the inspection, verification and issuance of certification.

In the government fear that cooperation with Russia in this project would mean the administrative liability of public authorities in connection with the completion or operation of the pipeline.

In the document called innovation of sanctions aimed at a “friendly government”.

On 4 June it was reported that US senators plan to introduce a bill that will expand sanctions against the pipeline “Nord stream – 2”. It is expected that the previously imposed sanctions of the USA concerning the “Nord stream – 2” will be extended to all the activities relating to laying of pipes and insurance. The restrictive measures planned to be available to companies that provide “underwriting services, insurance or reinsurance”, for vessels working on the pipeline.

In December 2019, the President of the United States Donald trump signed the defense budget for 2020, which envisages the introduction of sanctions against the Russian gas pipeline “Turkish stream” and “Nord stream – 2”. Immediately after that, the Swiss company Allseas has suspended work on the construction of “Nord stream – 2” and withdrew from the Baltic sea and its pipe-laying ships. Russian energy Minister Alexander Novak said that for the completion of the gas pipeline Russia could use the Russian pipe-laying vessel “Akademik Chersky”. It was transferred from the far Eastern port of Nakhodka in the Baltic sea. Now laying vessel is in the territorial waters of Germany, in the port of Mukran.

“Samara thermal power property Fund” in March was in the list of affiliated entities of Gazprom. The founders Fund was listed “Gazprom Teploenergo” and “Gazprom Mezhregiongaz Samara”. According to RBC, in late March, the STIF changed residence from Samara to Saint Petersburg. An Agency source in Gazprom said that the company believes “the sanctions risks in connection with the operation of the vessel in vain”

“Nord stream – 2” gas pipeline that will link Russia to Germany under the Baltic sea. The willingness of the pipeline is 93%. The length of the trail is more than 1,200 km, the new pipeline’s capacity will be 55 billion m3 of gas per year. The cost of the project is €9.5 billion, half of it financed by the Russian “Gazprom” and five European companies: Anglo-Dutch Shell, German Wintershall and Uniper, Engie French and Austrian OMV.

The authorities of Ukraine, Poland, Hungary, Moldova, Romania, the Czech Republic, Slovakia, Latvia, Lithuania and Estonia are considered “Nord stream – 2” the threat to Europe’s energy security.

In 2018, Germany, Finland and Sweden were allowed to lay the pipeline through its territory, Denmark gave permission only in 2019. It was expected that the construction of the pipeline will be completed by the end of 2019, but then starting the “Nord stream – 2” is moved to the end of 2020.

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