Sunday, December 22, 2019

Nord Stream 2: sanctions are in effect

As anticipated, U.S. President Donald Trump signed off on legislation allowing Washington to issue sanctions on firms involved in the €10 billion pipeline.

Swiss-dutch pipelaying-company Allseas has immediately stopped their activities on Nord Stream 2 after the entry into force of the sanctions explaining: "Allseas will proceed, consistent with the legislation’s wind down provision and expect guidance comprising of the necessary regulatory, technical and environmental clarifications from the relevant US authority."

To german government spokeswoman Ulrike Demmer the sanctions "hit german and european companies" [n.b. no german company is designated by the sanctions], and "constitute an interference in [our] internal affairs".

U.S. ambassador to Germany, Richard Grenell, views the sanctions as deeply pro-European.

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