Saturday, February 27, 2021

US sanctions against Nord Stream 2 have forced at least 18 companies to abandon it


U.S. sanctions against the Nord Stream 2 project have forced at least 18 European companies to suspend work on it, according to a State Department report to the US Congress obtained by the DPA.

The Zurich Insurance Group and the engineering company Bilfinger are just two of the companies that abandoned the controversial project, according to the report.

It states that allies and partners have been and are being consulted on the project. The State Department consulted with foreign governments through démarches, through ongoing engagement by ambassadors and senior officials in European capitals, and through meetings with EU member states and other European countries in Washington in February, the document said.

The State Department claims that the pipeline, which will bring Russian gas directly to Germany under the Baltic Sea, undermines transatlantic security, making Europe too dependent on Russian energy supplies.

Construction of the pipeline was halted after US sanctions in 2019, but work on a small section was resumed in late 2020.

The US sanctions list also includes the Fortuna ship, which is involved in the construction of the pipeline, as well as its owner, KVT-Rus, the US Treasury Department said in a statement.

They are on the sanctions list under the law on the protection of Europe’s energy security, TASS reported, quoted by BTA.



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