USA warns of Nord Stream 2 sanctions risk

Freeland Vance Sajjan

"Threats of United States sanctions against European companies invested in Nord Stream 2 encroach on European energy policy", Wolfgang Buechele, chairman of the German Committee on Eastern European Economic Relations (Ostausschuss), told Reuters. On Wednesday, Trump criticized Germany for being what he called a captive of Russian energy.

The Kremlin considers US President Donald Trump's criticism of the Nord Stream 2 project as America seeking to promote its liquefied natural gas, which is disadvantageous to Europe.

Heiko Maas's remarks on his Twitter account came after Trump said at the North Atlantic Treaty Organisation summit in Brussels on Wednesday that Germany is "totally controlled by Russian Federation, because they are getting 60 to 70 percent of their energy from Russian Federation and a new pipeline". U.S. officials say the new pipeline will increase Germany's Russian imports, and subsequently reliance on Russian energy.

"That means that any pipeline project, and there are multiple pipeline projects in the world that are potentially covered, is at an elevated sanctions risk", Oudkirk said. The Kremlin is confident that Nord Stream 2 will not make Germany dependent on Russian Federation.

"The President is pretty straightforward about what he believes and he thinks Nord Stream 2 is not in the European Union's best interest, and my bet is he'll be more than happy to tell President Putin that straight to his face", said Mr. Perry.

Five Western firms have invested in Nord Stream 2 - Wintershall and Uniper of Germany, Austria's OMV, Anglo-Dutch supermajor Shell, and France's Engie.

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