US Readying Sanctions Against Russia's Nord Stream 2 Project - Energy Secretary
Umer Jamshaid Published May 21, 2019 | 11:57 PM
The United States is preparing to impose sanctions on Russia's Nord Stream 2 project in the near future, Energy Secretary Rick Perry said on Tuesday during a visit to Kiev
"The opposition to Nord Stream 2 is still very much alive in the US," Perry told reporters in remarks published by Bloomberg. "I expect over the course of the not-too-distant future that the US Senate as well as the US House send a bill to the president of the US that will have some very, very onerous restrictions on companies that continue to do business with the Nord Stream 2 development. So stay tuned."
Perry is in Kiev as the head of a US delegation sent by President Donald Trump to attend the inauguration of President Volodymyr Zelensky.
Earlier this month, a bipartisan group of lawmakers introduced legislation to impose sanctions on companies building the Nord Stream 2 pipeline.
The Nord Stream 2 project envisages the construction of a twin pipeline at the bottom of the Baltic Sea, which will deliver around 55 billion cubic meters (almost 2 trillion cubic feet) of gas directly to Germany and other European countries.
The $11 billion pipeline project is set to pass either through territorial waters or exclusive economic zones of Denmark, Finland, Germany, Russia and Sweden. Denmark remains the only country that has not given its consent to the construction of the pipeline so far.
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