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Schroeder: US Sanctions Against Nord Stream 2 May Affect More Than 120 Companies

Schroeder: US Sanctions Against Nord Stream 2 May Affect More Than 120 Companies

Former German Chancellor and Chairman of the Board of Directors of Rosneft Gerhard Schroeder called possible new us sanctions against the Nord Stream 2 project "a deliberate termination of the transatlantic partnership," "an unlawful attack on the European economy and unacceptable interference in the EU's sovereignty and energy security of Western Europe," according to Schroeder, excerpts of which are quoted by the newspaper Handelsblatt and with which he is expected to speak on Wednesday at a meeting of the Bundestag Committee on economy and energy.

"More than 120 companies in the fields of shipbuilding, engineering, environmental protection, and safety that work or have worked with Nord Stream 2 are directly affected," the former Chancellor said. He pointed out that the sanctions are aimed not only at Russian but also at European firms. "Behind each of these companies are European jobs that are at risk," Schroeder warned.

The former Chancellor warned that if new sanctions were adopted, the subsequent financial consequences "would be huge." "Investment in European infrastructure of 12 billion euros would be at risk, and consumers in Europe would face additional costs of up to €4 billion a year," he said.

Schroeder also pointed to the damage that would be caused to relations with Europe by unilateral actions of the Americans. "Economic punitive measures against a NATO ally during the current economic downturn are nothing more than a deliberate termination of the transatlantic partnership," the former Chancellor said.

The day before, it became known that Schroeder was invited to a meeting of the Bundestag Committee on economy and energy, which will discuss the construction of the Nord Stream 2 gas pipeline and the energy sovereignty of Europe and Germany on Wednesday. In addition to Schroeder, seven representatives of German economic circles were invited to the meeting, according to the attached list. Among them, the head of the Eastern Committee of German economy Michael harms, head of the Department for external economic relations of the Union of German industrial-Commerce chambers (DIHK) Volker Treier, head of the Committee is the representative of the Left party, Klaus Ernst. Previously, he has repeatedly criticized the United States for trying to influence European energy policy.

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