Hot topics | Coronavirus pandemic

The House Of Representatives Approved The Strengthening Of Sanctions On The North Stream 2

The House Of Representatives Approved The Strengthening Of Sanctions On The North Stream 2

The House of Representatives of the US Congress approved amendments to the draft defense budget to strengthen sanctions against the Nord Stream 2 gas pipeline, the legislative body said in a statement. Congressmen have passed the amendment unanimously.

Representatives of the Republican and Democratic parties introduced a bill to strengthen sanctions the day before. The restrictions are also aimed at companies that lay pipes, provide insurance services or facilities for technical modernization of vessels associated with the construction of the gas pipeline.

US sanctions against Russian gas projects

On July 15, the US State Department published new recommendations in the framework of the law on countering Russia through sanctions, including the document Nord stream-2 and the second string of Turkish Stream, which were not previously covered by the law. This puts investments and other actions related to these Russian export gas pipelines at risk of US sanctions.

The document, in fact, does not imply the opposite effect, that is, support for the construction of these projects before the publication of the new approach, which fully corresponded to the old one, should not entail sanctions. But any such activity since July 15, if it is not aimed at curtailing and withdrawing from the project, can lead to consequences — this also applies to those who provide construction and installation of pipes, including financial partners and operators of pipe-laying vessels.

Deputy Chairman of the Russian security Council Dmitry Medvedev called the actions of the US authorities "Greyhound." According to him, Russian projects contradict the interests of the United States in the global energy market, and Washington uses sanctions to suppress competitors.

The position of Washington was criticized by the authorities of Austria and Germany. Thus, the head of the Eastern Committee of the German economy, Oliver Hermes, who represents the interests of German companies and enterprises in Eastern Europe and the former Soviet Union, called threats to impose sanctions an unprecedented interference in the energy sovereignty of the European Union.

Nord Stream 2 is a new export gas pipeline under construction from Russia to Europe via the Baltic sea with an entry point in the Ust-Luga region of the Leningrad region and an exit point in Germany in the Greifswald region.

The length of the route will be more than 1.2 thousand kilometers. The combined capacity of the two Nord stream 2 lines is estimated at 55 billion cubic meters of gas per year. The combined design capacity of Nord Stream and Nord Stream 2 is 110 billion cubic meters of gas per year.