U.S not determined yet on sanctions against Nord Stream 2 – Trump

REUTERS U.S. President Donald Trump says Washington is yet to decide whether to introduce sanctions targeting the Nord Stream 2 gas pipeline project. "We haven&#39;t really determined that yet," Trump said, answering a reporter&#39;s question on whether the U.S. will be imposing economic restrictions on Nord Stream 2, the pipeline which is aimed to deliver gas to Europe bypassing Ukraine. "I do think it&#39;s a problem. But that&#39;s the problem that Germany&#39;s going to have to work out for themselves, maybe for Germany it won&#39;t be a problem. I hope it&#39;s not, actually. But we&#39;ll be talking about that," the U.S. president added, speaking at a joint press conference with Angela Merkel before the two leaders met in London on the sidelines of the NATO meeting December 4. Read alsoAnxiety in Kremlin as Nord Stream 2 pipe may be left unfinished As UNIAN reported earlier, sanctions on companies involved in the Nord Stream 2 pipeline have been added to the draft 2020 National Defense Authorization Act. House and Senate lawmakers have yet to reach a final deal on the massive bill. UNIAN memo. The Nord Stream 2 project envisages the construction and operation of two gas pipeline branches with a total throughput capacity of 55 billion cubic meters of natural gas per year from the coast of Russia through the Baltic Sea to Germany. It should connect Russia&#39;s Ust-Lug and Germany&#39;s Greifswald. This new pipeline bypassing Ukraine is to be built next to the existing Nord Stream 1 pipeline. The construction of the pipeline should be completed before the end of 2019. The pipeline will be 1,220 km long. The project is being implemented by Russia&#39;s Gazprom in alliance with European companies – ENGIE, Uniper, OMV, Shell, and Wintershall. Ukraine stands against the construction of Nord Stream 2 as it will most likely lose its status of a gas transit country, while its potential revenue losses are estimated at $3 billion annually. The project is also highly criticized by the U.S., Poland, and the Baltic States.

U.S not determined yet on sanctions against Nord Stream 2 – Trump

UNIAN Web subscription