The threat is very, very serious: US and German companies due to Nord Stream 2 under massive pressure

U.S. representative, would have resulted in the past few days via video conference calls with contractors of the project to remind you of "the far-reaching con

The threat is very, very serious: US and German companies due to Nord Stream 2 under massive pressure

U.S. representative, would have resulted in the past few days via video conference calls with contractors of the project to remind you of "the far-reaching consequences of further cooperation in the project", reported the "Welt am Sonntag".

It would have seen the company's representatives, up to twelve representatives of the U.S. government. This would have made "in a friendly tone very clearly that they want to prevent the completion of the Pipeline," the newspaper quoted an observer of the talks: "I believe that the threat is very, very seriously." Order your Ticket now! Germany's largest financial week

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"Incredible low point in transatlantic relations,"

US Secretary of state Mike Pompeo announced last week, the controversial Baltic sea Pipeline, the Gas from the Russian concern Gazprom from Russia to Germany to transport, the case henceforth, under a law, the punitive measures against companies, the transactions with Russia, or countries such as Iran and North Korea. Gazprom (Sp.ADRs) 4,41 EUR -0.08 (-1,76%) Xetra price data

The Federal government subsequently declared that they reject the extra-territorial sanctions, because these "peoples were unlawful". The German economy condemned the threats as "unfathomable low point in transatlantic relations".

Putin expected completion in early 2021

Nord Stream 2 is intended to transport Gas from Russia to Germany, and is particularly also in Eastern Europe controversial. It is feared, above all, a weakening of alternative Pipelines, and traditional transit countries, such as Ukraine. Also in the US, the project is a thorn in the eye. The U.S. government argues, Europe will embark in an energy-dependence on Russia.

U.S. President Donald Trump had been the end of 2019, punitive measures against certain companies involved in the construction of Nord Stream 2 from Russia to Germany. These sanctions, the "law for the protection of Europe's energy security" concern, however, especially companies that provide the ships for the laying of the pipes. The construction of the Pipeline had to be interrupted because of it. The sanctions have delayed the construction of the Pipeline, but not, as of the United States sought stopped. Russian President Vladimir Putin was optimistic that the project could be completed in early 2021, with a few months delay.

United States want sanctions on more companies expand

In the past month, U.S. senators had made a foray, the "law for the protection of Europe's energy security" to expand. So companies that make ships for other activities should in the future be subject to punitive measures. This can be, for example, the Digging of trenches for the Pipeline. Also the companies that insure such ships are to be subject to sanctions. The same applies to companies that carry out certification for the Pipeline to go into operation.

The transatlantic coordinator of the German government, Peter Beyer, claimed that the USA should Germany and the EU, a comprehensive energy-sovereignty of the course. "The suspicion is that Washington wants to sell especially your own Gas in Western Europe," he said. The Pipeline is also almost finished. It does not make sense to you now in the sea to rot.

"Perspective, more distance to Moscow is important,"

Trump criticized Nord Stream 2 for a long time. He accuses Germany, leave it to the military in front of Russia to protect, get Moscow, but at the same time, high revenues from gas exports. Beyer admitted on Wednesday that Russia is moving increasingly to a risk for Europe. "In perspective, more distance to Moscow is important for me".

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pom/AFP/dpa
Updated Date: 26 July 2020, 08:26

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