Nord Stream 2 Construction stopped - Russia Counts on the EU

Time to read
1 minute
Read so far

Nord Stream 2 Construction stopped - Russia Counts on the EU

1 comment

Following the US sanctions against the Nord Stream 2 pipeline and the halt of all remaining construction works, Russia now expects the European Union to find a way out of the situation. The EU has an interest in its own energy security at acceptable prices, said the Russian Vice-Chancellor Dmitry Kozak. The Russian pipeline gas is 30 percent cheaper than the liquid gas from the USA, he stated. 

However, it is unclear how things will move on from here, especially since several EU countries and the EU commission itself oppose the project. The US ambassador to Germany, Richard Grenell, rejected the strong criticism from Germany and Russia. "15 European countries, the European Commission and the European Parliament have all expressed their concerns about the project," he said. The sanctions are therefore "a very pro-European decision". Many European diplomats had expressed their gratitude that the US government had taken these measures.

Once again the EU is split into different interest groups. This will delay the construction of the project for - at least - several months. Russia must now complete the construction of the pipeline without the know-how of Western companies like Allseas, which was supposed to complete the construction very soon. However, the sanctions pose a major threat to any company interested in doing business in the US markets, forcing Allseas out of the project. 


Submitted by Dennis Adams (not verified) on Wed, 01/29/2020 - 03:22 Permalink

US sanctions Europe? They must keep the colonies in control. Cannot have them buying cheaper gas. That would mean free market exists. Europe has been buying Russian gas all the 50 some years of the worst part of the cold war. It has not been a problem until .... now ??? Something fishy in Denmark and this time it aint fish.

Add new comment

The content of this field is kept private and will not be shown publicly.

Plain text

  • No HTML tags allowed.
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.