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The US State Department Warned Companies About The Risk Of Sanctions Due To Nord Stream 2

The US State Department Warned Companies About The Risk Of Sanctions Due To Nord Stream 2

The US State Department has warned European companies it suspects are helping to complete the Nord Stream 2 gas pipeline that they risk being sanctioned as the Donald Trump administration prepares new penalties, according to Reuters, referring to two sources.

"We are trying to inform companies about the risk and encourage them to leave before it is too late," said an anonymous US government source.

The interlocutor of the agency said that in the near future the State Department may publish a report with a list of companies that, in his opinion, help to complete the construction of Nord Stream 2. The list, according to the agency's source, may include companies that provide insurance, help lay the pipeline or check the construction equipment of the project.

Nord Stream 2 is a gas pipeline running from Russia to Germany along the bottom of the Baltic Sea, bypassing the Baltic countries and Poland. The capacity of the pipeline will reach 55 billion cubic meters of gas per year. Nord Stream 2 AG, the operator of Nord Stream 2, is owned by Gazprom.

The construction is actively opposed by the United States, which regards it as a threat to the energy security of Europe. At the end of 2019, the US imposed sanctions on the owners of pipe-laying vessels for the project, and then expanded the restrictions to companies that provide services to those involved in the construction. In Germany, Washington's actions are considered interference in the internal affairs of the country. In Russia, this attitude of the United States is considered a manifestation of "unfair competition."

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