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Warning! Article contains verbal diarrhea If Washington proceeds with sanctions against the Russia-led natural gas pipeline, Nord Stream 2, it will hurt a wide range of Western contractors and investors involved in the undertaking, the project operator has warned. “If imposed, [the sanctions] could directly hit more than 120 companies from more than 12 European countries,” the company said on
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Threats of sanctions from Washington against the Nord Stream 2 project are nothing more than attempts to oust Russia out of the European gas market usig non-market instruments, stated the head of Gazprom Export (Gazprom’s subsidiary) Elena Burmistrova, speaking at the Flame online conference. “Unfortunately, there is an additional threat that is increasingly affecting our cooperation – a political confrontation
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Long-standing opponent to pipeline issues “unprecedented” fine, alleging project restricts competition and hurts consumers. Poland’s anti-monopoly service has fined Gazprom more than $7.5 billion over its controversial Nord Stream 2 pipeline. After a two-year investigation, Polish authorities concluded that the pipeline damages Polish consumers and raised a host of concerns over energy security, market competition and the financial partnership struck
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The Russian ship Akademik Chersky, owned by Gazprom and considered the main contender for the completion of the Nord Stream-2 gas pipeline, is returning from Germany to the Russian port of Kaliningrad. According to “European Truth”, this was reported by Reuters , citing data from the positioning system of ships. The data showed that the ship “Academician Chersky” should arrive in Kaliningrad
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The ships involved in the construction of the Russian pipelines Nord Stream 2 and the Turkish Stream have been denied insurance due to US sanctions. An international group of shipowners’ mutual insurance clubs will not provide insurance coverage to ships that are involved in the construction of the Russian pipeline Nord Stream-2. The same measures will apply to the companies involved in the
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Russian Foreign Intelligence Service Director Sergei Naryshkin has said that the termination of the Nord Stream 2 gas pipeline project would be disadvantageous for EU member states and has expressed hope that European partners will not act to the detriment of their own interests in dealing with the issue. “Most Europeans realize that they will incur substantial losses from terminating
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Warning! Contains propaganda from United Russia party of Ukraine If the US succeeds in destroying the Russian-German Nord Stream 2 pipeline project, Washington’s next target will be the Ukrainian Gas Transmission System. That’s according to Yury Zagorodny, an opposition MP in Kiev’s parliament. Zagorodny believes that the United States is trying to win the European gas market by ousting its
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Workers are seen at a construction site of the Nord Stream 2 gas pipeline
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Austria’s Chancellor says friends should openly discuss different topics. Austrian Federal Chancellor Sebastian Kurz says his country and Ukraine have different views on the construction of the Nord Stream 2 gas pipeline. He made this announcement at a joint press conference with Ukrainian President Volodymyr Zelensky in Vienna. The event was broadcast live on the Facebook page of the President’s
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Germany has multiple options if it decides to try and halt the project, but they carry costs Germany has long argued that the 1,230-kilometer pipeline that is supposed to send an extra 55 billion cubic meters of Russian gas a year under the Baltic Sea is a commercial venture, not a political one. That position is increasingly under strain in
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The poisoning of Alexei Navalny, who, according to Germany, was poisoned by a Soviet-era nerve agent Novichok, seems to put an end to the North Stream-2 gas pipeline, which cost 10 billion euros and was stopped by U.S. sanctions. German Chancellor Angela Merkel, who for years defended the pipeline from attacks by the United States and Eastern European countries, abandoned
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Construction of the Nord Stream 2 pipeline, halted by U.S. sanctions, may no longer resume, and investments in the 10-billion-euro project may have to be completely written off, according to the IFRS report for the first half of 2020 by the German concern Uniper – one of the five European partners of Gazprom, which financed half of the cost of
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Russia’s Akademic Chersky pipe-laying vessel is seen in Germany’s Mukran Port on May 30.
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U.S. Secretary of State Mike Pompeo on Wednesday threatened new sanctions to stop the Nord Stream 2 gas pipeline that Russia is building to Germany. “Our expectation is that those who participate in the continued project will be subject to review for potential consequences,” Pompeo told a news conference. President Donald Trump last year signed legislation from Congress that targets contractors
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Upcoming US sanctions against the construction of the North Stream-2 will affect more than 120 European companies. This was stated by the ex-chancellor of Germany, chairman of the board of directors of Rosneft Gerhard Schroeder , reports Kommersant . According to Schroeder, this ” is nothing but a deliberate termination of the transatlantic partnership.” “More than 120 companies in the field of shipbuilding, engineering, environmental protection and safety,
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19:57, 26 June 2020 – UNIAN This new legislation follows last year’s successful passage of PEESA in the annual U.S. defense budget bill. U.S. House Representatives Adam Kinzinger (R-IL), Denny Heck (D-WA), Mike Turner (R-OH), and Ruben Gallego (D-AZ) on June 25 filed a bipartisan House companion bill of the U.S. Senate’s Protecting Europe’s Energy Security Clarification Act. “[The document]
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The deputy head of the FDP faction Alexander Lamsdorf believes that the reaction of Berlin to the murder of Khangoshvili should be the same as the reaction of the UK to an attempt to poison the Skripals The German Free Democratic Party (FDP) insists on Chancellor Angela Merkel’s refusal to launch the Nord Stream 2 gas pipeline with Russia in
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Nord Stream 2 AG has appealed to the Supreme Regional Court of Dusseldorf against the decision of the German Federal Network Agency, which refused to exempt the Nord Stream-2 gas pipeline from the EU Third Energy Package. The Swiss company, 100% owned by Russian gas giant Gazprom, considers the decision of the German regulator “discriminatory” and contrary to the “constitutional
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Litigation, Disinformation, and Russia’s Energy Weapon Nord Stream 2 is in battle mode. The Russian-German gas project appears to be applying every possible legal argument and procedure to ensure the Baltic Sea pipeline will operate on its terms, i.e. unfettered by European Union law. In the German courts, it is challenging the German energy regulator, the BNetzA, which denied it
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Author : Diane Francis Source : Atlantic Council With the US refusing to soften its stance on Nord Stream 2, Putin’s pipeline ploy to gain added energy leverage over Europe looks to be in tatters. Meanwhile, the Russian economy is crashing under the combined weight of the COVID19 pandemic, collapsed global energy prices, and sanctions imposed for the war in
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Article by: Margarita Assenova While the United States struggles with the coronavirus pandemic, Russia has deployed two pipe-laying vessels to the Baltic Sea in a suspected attempt to complete the Nord Stream 2 natural gas pipeline. On May 12, Russian pipe layer Akademik Cherskiy arrived at the German port of Mukran, on Rügen Island, where the Nord Stream 2 logistics hub is
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Russians will try to create their own technical capacities to finish the pipeline, Kobolyev says. Naftogaz CEO Andriy Kobolyev has said Ukraine is in talks with the United States and other partners on how to finally “bury” Russia’s Nord Stream 2 gas pipeline if sanctions fail to bring its construction to a halt. “The game is not over yet. Russians
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According to a company presentation made for Investor Day, Gazprom’s Nord Stream 2 will supposedly be launched by the end of 2020. A similar time frame for the completion of the gas pipeline was mentioned in January by Russian President Vladimir Putin, who said that Nord Stream 2 would be operational by the end of 2020 or the start of
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They are expected in February or March 2020. The U.S. House of Representatives and the U.S. Senate are ready to adopt a new bill on sanctions against Nord Stream 2 if Russia completes kilometers of the pipeline. The sanctions will concern European investors participating in the Russian project and companies that will buy gas through the pipeline, Germany’s leading business
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After the U.S. imposed sanctions against companies building the Nord Stream 2 pipeline, Russia was left without capacities to complete the underwater pipeline that was going to be launched in 2020. Russian shipbuilders can construct pipe-laying ships that would complete the pipeline, but it would take from four to six years, according to Alexei Rakhmanov, president of Russia’s United Shipbuilding
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