United States threatens to sanction companies involved in Nord Stream 2 pipeline

16 July, 2018, 10:18 | Author: Trevor Moore
  • Trump, Merkel trade barbs over Russia at Nato summit

Owned by a company based in Switzerland and controlled by Russia's Gazprom monopoly, it will follow the same route as Nord Stream I, launched in 2011, which brings gas from Russian Federation to Germany.

This statement criticising the Nord Stream-2 Gas Pipeline was made by US President Donald Trump at a joint press conference with British Prime Minister Theresa May in London.

But more than half of U.S. exports go to just three countries - Mexico, South Korea, and China - and the European Commission says less than one percent of Europe's gas come from America.

History has shown that Russian Federation has a penchant for attempting to control Europe by cutting off energy supplies. His meeting with Russian President Vladimir Putin in Finland next week is generating widespread concern.

The United States: On the global stage, critics accuse Berlin of ignoring the interests of its allies by filling Russia's coffers at the time of a diplomatic conflict.

"[Russia is] trying to sneak offshore, go through the Baltic Sea, come on shore in Germany, not get caught bribing governments or the European Union to get the pipeline over land", he said. He said he also mentioned tripartite talks [on gas - EU-RF-Ukraine], which they will hold.

What does the future hold for Nord Stream 2?

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"Let's not forget that Nord Stream 2 is an global project, not simply Russian-German".

Schroeder went on to become a board member of several consortiums in which Russian government-controlled energy company Gazprom is at least the majority shareholder.

"And you tell me that is appropriate, because I think it's not and I think it's a very bad thing for North Atlantic Treaty Organisation and I don't think it should have happened". Canada has been explicit in their worldwide communications with many countries. Nord Stream 2 always also reflected a willingness among many Germans on the left and right of the political spectrum to engage Russian Federation, rather than to provoke it.

"I'm very happy today that we are united in freedom as the Federal Republic of Germany, and can thus say that we can determine our own policies and make our own decisions - and that's very good".

So far, however, Nord Stream 2 has only had one real impact: driving a wedge between Germany and other Western nations.

He said that the deal meant that Germany was now "totally controlled" by Moscow.

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