Forbes explains the futility of sanctions against Nord Stream 2

Forbes explains the futility of sanctions against Nord Stream 2

US sanction pressure is unlikely to stop the Nord Stream 2 project, the construction of which has “progressed well.” Such an opinion on the pages of Forbes magazine was expressed by columnist Kenneth Raposa.
The journalist noted that recently, American congressmen have again launched vigorous activities related to economic restrictions against the gas pipeline. So, in early June, a bill was introduced in the US Senate proposing to impose sanctions against companies that provide underwriting, insurance, and reinsurance services for ships operating on the pipeline. And this week, members of Congress submitted to the House of Representatives a new project – again against the highway under construction.
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According to Raposa, the next sanctions restrictions against Nord Stream 2 will become a new round of the energy war between Moscow and Washington.
At the same time, the journalist drew attention to the fact that the Kyiv bills reacted with enthusiasm to the US bills, which fears losing revenue from the transit of Russian blue fuel.
“According to some experts, the loss of transit revenue will amount to about ten percent of Ukraine’s GDP, which is already not so fast-growing,” the material said.
Naftogaz Ukrainy sees a serious problem on the highway, which bypasses the country, he said.
As Raposa suggests, Congress is likely to accept the proposed bills.
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“The Russian energy giant will not like it. Angela Merkel may like it even less,” he suggests.
At the same time, the author of the article emphasizes that the new sanctions are unlikely to interfere with Nord Stream 2, which is almost complete.
The Nord Stream 2 project involves the construction of two lines with a total capacity of 55 billion cubic meters of gas per year from the Russian coast through the Baltic Sea to Germany. The United States is actively opposing it, promoting its liquefied natural gas to the European Union, as well as Ukraine and a number of European countries.
Washington in December imposed sanctions on Nord Stream 2 and demanded that the construction companies stop construction immediately. Swiss Allseas almost immediately announced the suspension of work.

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