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2018-07-02 11:55:00

NORD STREAM-2: NO SANCTIONS

NORD STREAM-2: NO SANCTIONS

REUTERSGermany has been assured by the United States that any sanctions imposed on Russia will not affect the building of a gas pipeline to bring Russian gas to Europe, a spokeswoman for the German economy ministry said on Friday.

The spokeswoman said that guidelines provided by the United States suggested that construction of Nord Stream 2 would be unaffected.

"We have received assurances that gas pipeline projects will be excluded from the sanctions," the spokeswoman said during a regular government news conference.

She was not immediately able to say when these new guidelines had been provided.

A spokesman for the U.S. embassy in Berlin said there had been no change in policy.

"We have been clear that firms working in the Russian energy pipeline sector are engaged in a business that carries sanctions risk," the spokesman said.

The Nord Stream 2 consortium, an initiative of five European companies and Russian energy giant Gazprom, started starting preparatory work in the Greifswald bay off Germany's Baltic coast on a new twin pipeline last month.

The new pipeline will double Russia's export capacity of 55 billion cubic meters to Germany.

Eastern European and Baltic states fear it will increase Europe's reliance on Russian gas and undermine Ukraine's lucrative gas transit route. The United States also opposes it, contending that it could undermine Europe's energy security.

Chancellor Angela Merkel had long argued the project was purely commercial but last month she acknowledged there were political considerations. She recently said that Ukraine must be able to continue to earn revenue from gas transit.

Wintershall, an oil and gas subsidiary of Germany's BASF on Wednesday defended its partnership with Russia in Nord Stream 2, saying this was a more stable option than liquefied natural gas (LNG).

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Earlier:

 Russia Sanctions
2018, June, 27, 11:15:00

U.S. - RUSSIA COOPERATION

REUTERS - “We met. We discussed energy issues, among other things. We touched upon questions related to sanctions,” Novak said in a press briefing in Washington. “We can’t sidestep these difficult questions, so of course we touched upon them during our contact.”

 Russia Sanctions
2018, June, 27, 10:55:00

U.S. - NORD STREAM SANCTIONS

OGJ - Sandra Oudkirk, deputy assistant secretary for energy diplomacy at the US Department of State, confirmed that the Trump administration has received several requests to sanction the proposed Gazprom-sponsored pipeline that would extend from Russia beneath the Baltic Sea to Germany.

 Russia Sanctions
2018, June, 13, 13:05:00

U.S. - RUSSIA SANCTIONS ANEW

U.S.DT - the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated five Russian entities and three Russian individuals under Executive Order (E.O.) 13694, “Blocking the Property of Certain Persons Engaging in Significant Malicious Cyber-Enabled Activities,” as amended, and Section 224 of the Countering America’s Adversaries Through Sanctions Act (CAATSA).

 Russia Sanctions
2018, June, 6, 12:10:00

RUSSIA'S OIL RESILIENCE

FT - “In my opinion, the stability of Russian production was underestimated by the market,” said Igor Sechin, chief executive of Rosneft, the country’s top oil producer. “In general, the Russian oil sector investments in rouble equivalent under the crisis conditions were increasing, and so did the production.” 

 Russia Sanctions
2018, May, 25, 10:45:00

САНКЦИЙ БУДЕТ БОЛЬШЕ

МИНФИН РОССИИ - Сейчас мы, к сожалению, видим обратные процессы – когда процесс введения ограничений, санкций сначала для одной, для другой страны, потом захватывает все больший и больший периметр, захватывает мировые экономики. Теперь мы видим, что санкции могут распространяться и на союзников.

 Russia Sanctions
2018, May, 25, 10:35:00

GAZPROM IS GETTING

REUTERS - The head of Ukraine’s Naftogaz said on Thursday EU-mediated talks over future Russian gas transit via the country to Europe must include Gazprom and must be based on firm commitments.

 Russia Sanctions
2018, May, 18, 08:55:00

U.S. - RUSSIA PIPELINE SANCTIONS

REUTERS - Washington was focused on using diplomatic means to halt Nord Stream 2, one of several Russian projects to export gas to western Europe via routes avoiding Ukraine, with which Moscow is involved in a series of disputes.

 

 

Tags: NORD, STREAM, SANCTIONS, GAS, RUSSIA, EUROPE, USA