Published: Fri, July 13, 2018
Worldwide | By Gretchen Simon

US warns of sanctions risk for firms invested in Russian pipeline

US warns of sanctions risk for firms invested in Russian pipeline

As previously reported, trump has sharply criticized the system of construction of the gas pipeline "Nord stream-2" and called Germany dependent on Russian Federation.

"As for Germany's dependence (on Russia) as a major gas buyer we can not agree with this premise", Peskov told reporters on a conference call.

"As for attempts to organize various attacks on this commercial project (Nord Stream 2 - TASS), we have said before that we consider this to be a manifestation of unfair competition", Peskov said.

"President Trump's brazen insults and denigration of one of America's most steadfast allies, Germany, is an embarrassment", House Minority Leader Nancy Pelosi and Senate Minority Leader Chuck Schumer said in a joint statement.

Russian Federation is keen to press ahead with the Nord Stream 2 pipeline since it has the potential to double its gas exports under the Baltic Sea to Germany, bypassing traditional routes through Ukraine with which it has poor relations.

"When it comes to Nord Stream, Canada has significant concerns about that project", she said.

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"We are supposed to be protecting you from Russian Federation, but why are you paying billions of dollars to Russian Federation for energy?"

Trump didn't identify Nord Stream 2 by name.

"The question is what happens to Germany's gas imports when the Netherlands stops exporting its gas". There will be terminals built in Germany or there will be pipelines built from Belgian and Dutch terminals - that's also possible.

The US is opposed to the project because it will increase Europe's reliance on Russian Federation for gas supplies. I think it is something North Atlantic Treaty Organisation has to look at.

"It means that when you're thinking about a new market provider, when you're thinking about a new innovation partner, we want you to think about America first", he said.

Peskov said Nord Stream 2 will not make Germany, a major buyer of Russian gas, dependent on Russia, and on the contrary it will become a guarantee of stability of gas supplies and "further development of mutually beneficial cooperation in various fields".

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