Novak commented on upcoming US sanctions against Nord Stream 2

By | June 17, 2020
Novak commented on upcoming US sanctions against Nord Stream 2

Possible new US sanctions against Nord Stream 2 will have a negative impact on the global economic recovery after the COVID-19 coronavirus pandemic, said Russian Energy Minister Alexander Novak.
“As for Nord Stream 2 and other issues that have remained, unfortunately, protectionist measures have survived even during the crisis. We see this from statements on those draft laws that are being developed, including in the US Senate. In my opinion, this is not entirely positive in order to jointly make efforts to restore the global economy and develop market instruments, ”Novak said during the online conference“ COVID-19: accelerate the transition to the energy of the future for all. ”
As previously reported, on June 4, US senators Ted Cruz, Gene Shagin, Ron Johnson, John Barrasso, and Tom Cotton submitted a bill to the Senate that would expand sanctions on the Nord Stream 2 gas pipeline. Senators from the Republican and Democratic Parties propose extending sanctions to any pipe-laying work under the project, ship modernization work, as well as insurance of works and certification services for Nord Stream 2.

Nord Stream 2 is a gas pipeline from Russia to Germany through the Baltic Sea. It will directly connect the Russian resource base and European consumers.
On December 21, 2019, US President Donald Trump signed the country’s defense budget for 2020, which provides for the imposition of sanctions on the Russian Nord Stream-2 and Turkish Stream gas pipelines. The US Treasury announced the immediate entry into force of sanctions. Shortly before the signing of the document, Allseas, a Swiss company laying pipes for the Nord Stream 2 gas pipeline, announced the suspension of all work due to the threat of sanctions, awaiting clarification from the US authorities.
On December 27, Russian Energy Minister Alexander Novak announced that the Nord Stream 2 gas pipeline would be launched before the end of 2020. He also said that the gas pipeline could be completed with the help of the Akademik Chersky vessel, which belongs to Gazprom.