Contents tagged with Gazprom
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EU condemns expansion of U.S. sanctions against Nord Stream 2
The European Council condemns the possible expansion of U.S. sanctions against the Nord Stream-2 gas pipeline, stated European Council’s spokesperson for Foreign Affairs and Security Policy Peter Stano, RIA Novosti reports.
The European Union strongly opposes third-country sanctions against European companies doing legitimate business. "The extraterritorial sanctions run counter to the international law. European policy is defined in Europe, not in third countries," Stano said.
He noted that …
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Media: Germany prepares to circumvent U.S. sanctions against Nord Stream 2
Authorities in the German federal state Mecklenburg-Vorpommern are working to establish a climate protection foundation in order to circumvent U.S. sanctions against the Nord Stream 2 pipeline, reported Bild, citing sources. Bild's article is entitled "How Schwesig wants to outsmart the U.S. " (Manuela Schwesig heads the government of this German region).
According to Bild, soon after its opening, the Foundation for Climate Protection will recognize Nord Stream 2 as "the most important element …
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U.S. prepares sanctions against specific companies involved in Nord Stream 2
U.S. authorities have identified companies that will be sanctioned due to their involvement in the Nord Stream project, dpa news agency reported, citing a senior U.S. official.
It is noted that not only companies but also individuals can be sanctioned if they do not stop their operations related to the pipeline.
"We’re in the process of calling a number of these companies to make them aware that they’re likely engaged in sanctionable activity," the official said.
At the same time, he did not …
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German lobbyists ask Washington not to pursue sanctions against Nord Stream 2
The Committee on Eastern European Economic Relations, an organization that lobbies for the interests German companies operating in Russia and Eastern Europe, appealed to prominent representatives of the U.S. Democratic Party with a request to abandon new, extraterritorial sanctions against the Nord Stream 2 gas pipeline. The letter is addressed to the Speaker of the U.S. House of Representatives Nancy Pelosi and other well-known Democratic politicians, reports the newspaper Handelsblatt. As the …
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U.S. expands sanctions against Nord Stream 2
The U.S. Department of State has expanded sanctions against the Nord Stream 2 pipeline, which is intended to transport Russian gas to Germany.
Sanctions imposed late last year halted construction of the $10.5 billion pipeline. The sanctions affected the pipe-laying vessels for Nord Stream-2. To date, about 160 kilometers of pipeline on the bottom of the Baltic Sea remain to be laid to complete the project.
The updated Protecting Europe’s Energy Security Act (PEESA) expands these restrictive …
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Gazprom accuses the U.S. of trying to oust Russia from EU gas market
Threats of sanctions from Washington against the Nord Stream 2 project are nothing more than attempts to oust Russia out of the European gas market usig non-market instruments, stated the head of Gazprom Export (Gazprom's subsidiary) Elena Burmistrova, speaking at the Flame online conference.
"Unfortunately, there is an additional threat that is increasingly affecting our cooperation - a political confrontation in general and, in particular, the threat of U.S. sanctions against Nord Stream 2," …
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German Uniper admits failure of Nord Stream 2
Construction of the Nord Stream 2 pipeline, halted by U.S. sanctions, may no longer resume, and investments in the 10-billion-euro project may have to be completely written off, according to the IFRS report for the first half of 2020 by the German concern Uniper - one of the five European partners of Gazprom, which financed half of the cost of the project.
"Given the new U.S. sanctions, there is an increased risk that construction will be frozen or completely halted," the report said.
The …
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Poland fines Gazprom for violating antitrust law
The Polish Office of Competition and Consumer Protection UOKiK (Urz'd Ochrony Konkurencji i Konsument) has fined Russian gas giant Gazprom 213 million zlotys, which is equivalent to $50 million USD.
The reason for imposing such a large fine was Gazprom's refusal to provide UOKiK with the data on contracts concluded by its subsidiary Nord Stream 2 with European companies financing the construction of the Nord Stream-2 gas pipeline. In November 2019, the French company Engie was fined 172 …
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U.S. Senate approves new sanctions against Nord Stream 2 pipeline
The U.S. Senate has approved the draft National Defense Authorization Act for fiscal year 2021, which includes new sanctions against the Nord Stream-2 pipeline.
The document, which was approved by the House of Representatives earlier this week, received 86 votes in favor and only 14 against.
The $740.5 billion Defense Budget contains a provision for tightening sanctions against the Nord Stream 2 project, which has been under sanctions since December last year, effectively halting its …
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Lukashenko: $640 million laundered through Gazprom Bank in Belarus
The Russian authorities understand the reasons for the situation with the Belgazprombank case and the arrest of its former head Viktor Babariko, said President of Belarus Alexander Lukashenko during a meeting with the government in the Minsk region.
"On June 24 (during my visit to Moscow), I noticed that when we ctracked down on this gas industry bank, they understood everything," said Lukashenko, whose speech was broadcast by the Belarus-1 TV channel.
According to Lukashenko, the Belarusian …