The United States is once again threatening companies with sanctions over the Nord Stream 2 project

Between Russia and Germany, the United States has once again spoken threatening words against companies involved in the construction of the Nord Stream 2 gas pipeline. Foreign Minister Blingen said in a statement that companies that do not immediately stop doing so are imposing sanctions.

The United States has long opposed the pipeline because Europe is increasingly dependent on Russia for its natural gas and is gaining more influence in Russia. Countries like Poland and Ukraine are against it. Germany is a strong supporter of this project.

In a new report, Blinken says North Stream 2 is a bad deal for Germany and many countries in Central and Eastern Europe. He talks about “a Russian geopolitical plan to divide Europe and weaken European energy security.”

The insurers withdrew

So far, Americans have imposed sanctions on a subsidiary building company: the Russian construction company KVD-Russ. In addition, under pressure from previous U.S. warnings, about twenty insurers recently withdrew from the program.

Dutch companies were no longer involved in construction, partly due to US pressure. Construction of the gas pipeline is not yet complete this year.

Check Also

The chances of a soft economic landing shrink by the week

The chances of a soft economic landing shrink by the week

economy•25 Jul ’23 at 12:42•Modified on 25 Jul ’23 at 14:29Author of the book: Remy …

Leave a Reply

Your email address will not be published. Required fields are marked *