Tuesday, March 12, 2019

"Possible US Sanctions May Stop Partners' Support for Nord Stream 2—Investor"

From Sputnik:
On Monday, US Senate Energy and Natural Resources Committee chairwoman Lisa Murkowski told Sputnik that the Senate was not considering any legislation that would impose sanctions on the Nord Stream 2 project, however, she added that such a possibility had been "part of the discussion."
A Uniper top manager has stated that potential US sanctions on the Nord Stream 2 may stop partners' financial support for the project, however, it unable to halt the pipeline.

The statement follows the announcement made by Senate Energy and Natural Resources Committee chairwoman Lisa Murkowski, who told Sputnik that the US Senate was not considering any legislation that would impose sanctions on the Nord Stream 2 pipeline project. However, the senator added that she has concerns about Russia "utilizing its resource wealth as a political leverage."
The comment followed a report in the Wall Street Journal, suggesting that Washington had decided to switch to imposing sanctions on the pipeline project, which would allegedly be introduced via amendments to the Countering America's Adversaries Through Sanctions Act (CAATSA), a mechanism to impose sanctions on Moscow.

CommitteeAccording to the media outlet, the US sanctions will affect the project's investors and firms employed in laying pipe for the Nord Stream 2 pipeline....MORE