The State Duma Of The Russian Federation Assessed The Expansion Of US Sanctions Against The Nord Stream 2
Pavel Zavalny, Chairman of the State Duma Committee on energy, is confident that Russia will complete the construction of the Nord Stream 2 gas pipeline, despite the strengthening of US sanctions.
On Tuesday, the US House of Representatives approved an amendment to the draft defense budget for the next financial year, which involves, in particular, clarifying and expanding sanctions against the Nord Stream 2. This means the risk of implementing this project, first of all.
This is an obstacle for companies that invest and participate in the construction of Nord Stream 2, and for those companies that help implement the project. Of course, the risks are increasing, and the pressure is increasing, both political and geopolitical. And under these conditions, we will need to finish this project. I'm just sure that we will finish it, but there are difficulties," Zavalny commented to RIA News.
By deciding to increase sanctions, "America increases the pressure" on the project participants, he said." It is necessary, as vassals, to withdraw from the project, even though they participated in the financing. But the decisions to participate in the project were made long before these sanctions," the MP said.
"So now everything depends on the European Union, individual States, and individual companies. How high these risks are for them, how they assess them - the risk of further participation in the project and the risk of exiting the project taking into account the US sanctions, " Zavalny added.
Nord Stream 2 is a new export gas pipeline under construction from Russia to Europe via the Baltic sea. The gas pipeline's entrance point to the Baltic sea is in the Ust-Luga region of the Leningrad region, and its exit point is in the Greifswald region of Germany. The length of the route is more than 1.2 thousand kilometers. The combined capacity of the two Nord stream 2 lines is 55 billion cubic meters of gas per year. The total design capacity of Nord Stream and Nord Stream 2 is 110 billion cubic meters of gas per year.