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Germany invited the US to abandon sanctions on Nord Stream 2

Fri Nov 20, 2020
watermark Economic news

The Eastern Committee of the German Economy appealed to the Speaker of the United States House of Representatives Nancy Pelosi with a proposal to abandon the sanctions on Nord Stream 2.


It is noted that representatives of German business are concerned about the news about the plans of the American Democrats to introduce new, extraterritorial sanctions against the gas pipeline project. Germany has high hopes for the revival of the transatlantic partnership with the coming to power of Joe Biden in the United States, therefore, calls on Washington to abandon economic penalties.


Nord Stream 2 is a Russian project involving the laying of two strings of a gas pipeline with a total capacity of 55 billion cubic meters of gas per year from the Russian coast through the Baltic Sea to Germany. It will also pass through the territorial or exclusive economic zones of Finland, Sweden and Denmark.


Against Nord Stream 2 are Ukraine, which fears to lose revenues from the transit of Russian gas, the United States, which is actively promoting its liquefied natural gas to the EU, and Poland, Latvia and Lithuania, which consider the project to be political.


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