The Kremlin Reacted To The US Threat To Impose Sanctions Against Nord Stream 2
Washington's threat to impose sanctions against Nord Stream 2 and the second branch of the Turkish stream under the CAATSA law is a gross pressure on European business and unfair competition. This opinion was expressed on Thursday by the press Secretary of the President of the Russian Federation Dmitry Peskov.
"This is the continuation of negative manifestations, the continuation of a rough line on the introduction of various restrictions, the exertion of rough pressure on European business, which includes our companies," the Kremlin representative said.
According to Peskov, this is "a continuation of unfair competition" in an attempt to "force Europeans to buy more expensive gas on less favorable terms."
On June 4, a bill to expand sanctions on the Nord Stream 2 gas pipeline was submitted to the US Senate for consideration. As noted by the press service of one of the authors of the initiative, the document "clarifies and expands the sanctions under the law on ensuring energy security in Europe" and is aimed "at blocking the completion of the construction of the gas pipeline."
The Nord Stream 2 project involves the construction of two lines of a gas pipeline with a total capacity of 55 billion cubic meters per year from the Russian coast through the Baltic sea to Germany. By now, Nord stream 2 is 93% complete. The stoppage in the project was because at the end of December 2019, due to US sanctions, the Swiss company Allseas stopped work on the construction of the gas pipeline and withdrew its vessels.