Economy

Germany again calls sanctions against Nord Stream-2 illegal

08:54, 24 November 2020 36
Photo: Stefan Sauer/dpa/Global Look Press

The German government expressed its position to the United States on the inadmissibility of sanctions against Nord Stream 2 at a meeting with representatives of German and European companies, the US Department of State and Treasury, and the American embassy in Berlin.


During the meeting, Berlin made it clear that 'nothing has changed in the principled stance of the federal government, which rejects extraterritorial sanctions and considers them contrary to international law,' TASS reports.

The German Cabinet plans to continue to closely follow the discussion on sanctions in the US Congress, negotiate with Washington and closely coordinate its actions with European partners, the European Commission, and companies participating in the project.

Nord Stream 2 envisages two pipeline strings with a total capacity of 55 billion cubic meters per year. They will stretch from the Russian coast through the Baltic Sea to Germany. The communications will also pass through Finland, Sweden, and Denmark. At this time, the project has been implemented by 93%.

The cost of Nord Stream 2 is estimated at €9.5 billion, with western enterprises - Wintershall and Uniper from Germany, French Engie, Dutch-British Shell, Austrian oil company OMV - accounting for half of this amount.

The US authorities oppose the gas pipeline, as, according to them, the project undermines Europe's energy security. The United States is promoting its liquefied natural gas in the European Union.

NEWS.ru reported earlier that Germany called the threats of US sanctions over Nord Stream 2 unacceptable.