UNITED STATES (OBSERVATORY NEWS) — The construction of the gas pipeline, around which a lot of controversy erupted, is nearing completion. The new law de facto blocks the activities of companies in the United States involved in the gas pipeline project if they have subsidiaries there.
Shortly before the end of construction, the Nord Stream 2 gas pipeline is threatened by US sanctions. The senators of both parties managed to incorporate the draft sanctions resolution, proposed back in the summer, into the National Defense Budget appropriation law governing the US defense budget. Now there is no doubt that the law will be adopted.
The authors of the bill, Republican Ted Cruz, along with Democratic Party spokeswoman Jeanne Sheikhin, in their statement speak of destructive sanctions against enterprises involved in the construction of the pipeline.
Most likely, the law will be adopted before Christmas and will come into force after being signed by US President Donald Trump. The consequences are not clear. The result may turn into a race against time.
The sanctions package is primarily aimed at pipe-laying vessels. According to experts, the completion of the gas pipeline requires another six to eight weeks. An important role is played by weather conditions on the Baltic Sea.
If the law comes into force before Christmas, the companies involved in the construction will be given a period of 30 days to stop work on the project. It is not entirely clear whether the final works on laying the pipeline are legitimate. Allseas, whose ship is subject to sanctions, said it was not going to engage in speculative speculation.
Sanctions de facto block the company’s operations in America, where its engineering services subsidiary is located. If Allseas leaves the project ahead of schedule, Gazprom will have to look for a new vessel. This can slow down construction work, but not stop it. The German Ministry of Economics has reported that the German government rejects US extraterritorial sanctions.
The authorities are closely monitoring the development of events, but so far have not given any comments. The East Committee of the German economy is keenly reacting. “If sanctions are imposed, this will be a direct encroachment on the sovereignty of the European Union and a fatal signal for the efforts of the French to maintain peace,” said Committee Chairman Oliver Hermes.
Aggressive Foreign Policy
“The European Union has all the necessary permits for the construction of Nord Stream 2, the relevant rules governing the operation of the gas pipeline have been approved. “An attempt by the Americans to influence the situation is more than an unfriendly act; this step can seriously damage transatlantic relations built on mutual respect.”
For many years, the American government has been fighting against the construction of a gas pipeline. According to his arguments, Germany makes itself dependent on Russia, damages Ukraine and, in addition, provides billion-dollar profit to Russian President Vladimir Putin – money for his aggressive foreign policy.
However, the rhetoric directed primarily against Germany against Nord Stream 2 has softened. Obviously, the efforts of the federal government to mediate in the Ukrainian conflict and save the country from financial losses were noted.
This article is written and prepared by our foreign editors writing for OBSERVATORY NEWS from different countries around the world – material edited and published by OBSERVATORY staff in our newsroom.
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