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Sputnik International
by Bloomberg
|Wednesday, January 20, 2021
The future of Nord Stream 2 looks increasingly uncertain.
(Bloomberg) The future of Nord Stream 2 looks increasingly uncertain as the U.S. ramped up pressure on the project with new sanctions, and companies walked away from the controversial Russian gas link.
The new sanctions come just days before work on the pipeline is scheduled to start in Danish waters. Questions now remain whether the link, owned by a unit of Gazprom PJSC, will see further delays as the U.S. tries to limit Russian influence in Europe.
For its part, the Kremlin committed Tuesday to finishing the project while Gazprom warned of the political risks involved. In Germany, lawmakers have sought a legal workaround that they believe can protect a key port from sanctions.
Nord Stream 2âs future looks increasingly uncertain By Jeremy Hodges and Vanessa Dezem on 1/20/2021
Nord Stream 2 pipeline route
(Bloomberg) The future of Nord Stream 2 looks increasingly uncertain as the U.S. ramped up pressure on the project with new sanctions, and companies walked away from the controversial Russian gas link.
The new sanctions come just days before work on the pipeline is scheduled to start in Danish waters. Questions now remain whether the link, owned by a unit of Gazprom PJSC, will see further delays as the U.S. tries to limit Russian influence in Europe.
For its part, the Kremlin committed Tuesday to finishing the project while Gazprom warned of the political risks involved. In Germany, lawmakers have sought a legal workaround that they believe can protect a key port from sanctions.