Gazprom says new U.S. sanctions pose risks for gas pipelines bypassing Ukraine

The Russian gas monopolist Gazprom admits the new U.S. sanctions pose risks for the implementation of the Nord Stream 2 and Turkish Stream gas pipeline projects designed to bypass Ukraine, according to the company’s report for the third quarter of 2017, which is available to UNIAN.

REUTERS

REUTERS

“The introduction of the sanctions can create risks both for the implementation of the upcoming Turkish Stream and Nord Stream 2 gas pipeline projects and for the maintenance of the existing export gas pipelines such as Nord Stream and Blue Stream,” the document says.

Read alsoTusk calls on EU to prepare laws to block Nord Stream 2 – mediaYet, it says that the risks could be more accurately assessed only if special U.S. presidential acts to this effect are adopted along with the publication of official explanations or interpretations by the U.S. Department of the Treasury.

Gazprom recalls that after its enactment by U.S. President Donald Trump, the law on sanctions gives the U.S. president the right in cooperation (coordination) with the allies to introduce certain measures against any person who deliberately invested or sold goods, supplied technology or rendered services to the Russian Federation (in the amount of more than $1 million or in aggregate during the year for a total amount of more than $5 million) in the construction and maintenance of Russian pipelines exporting energy resources.

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Source : UNIAN

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