US Sanctions Enacted against The Nord Stream 2 Pipeline
Dec 21, 2019 19:33:12 GMT -7
pieter likes this
Post by karl on Dec 21, 2019 19:33:12 GMT -7
It would appear that Mr. Trump is upset over this project for what ever reason. Although the project has nothing to do with American interest foreign or domestic, but much to do with five European States being Dänmark, Finland, Germany, Russia and Sweden.
It is understandable for Mr. Trump being of a business mindset to be upset if this were a mark against American economy or business interest, but it is not. But in that stead, a needed energy source and business dealings that is vital to the national interest of those parties as listed.
Moscow© AFP 2019 / STEFAN SAUER
10:48 21.12.2019(updated 15:04 21.12.2019)Get short URL441677
Earlier US President Donald Trump enacted the $738 billion National Defence Authorization Act (NDAA), a military budget package for the coming year that includes sanctions against the Nord Stream 2 gas pipeline.
Russian Foreign Ministry spokeswoman Maria Zakharova commented on new US sanctions against the Nord Stream-2 and Turkish Stream pipelines, saying that the state, with its historically unprecedented debt, forbids others from developing their economies.
"A state with a national debt of $22 trillion forbids creditworthy countries from developing the real sector of their economies! The American ideology of life did not withstand global competition, which the US Treasury regularly confirms by issuing a new 'warrant for economic arrest'," Zakharova wrote on Facebook.
Moscow will carry on with all its economic projects regardless of any sanctions, Russian foreign ministry said.
The US Treasury Department late on Friday issued an explanation, stating that US sanctions against the Nord Stream-2 and Turkish Stream pipelines took effect immediately and that the US was demanding construction companies to stop their work.
US President Donald Trump signed on Friday the $738 billion National Defense Authorization Act (NDAA) that includes sanctions against the Nord Stream 2 gas pipeline, Turkey and Syria along with a range of other measures.
The legislation calls for mandatory sanctions on Nord Stream 2 and TurkStream pipelines, and bars military-to-military cooperation with Russia. The bill also sanctions Turkey over its acquisition of Russian S-400 air defense systems and prohibits the transfer of F-35 jets to Ankara.
The new set of US sanctions will target companies and individuals involved in providing services on the pipeline and have their US visas revoked and financial assets in the US frozen. The bill also provides for a 30-day grace period for them to wind down their operations in the project.
The Nord Stream 2 is a joint venture between Gazprom and five European companies: France's Engie, Austria's OMV, the UK-Dutch Royal Dutch Shell, and Germany's Uniper and Wintershall. The 745-mile-long twin pipeline will carry up to 55 billion cubic meters (1.942 trillion cubic feet) of gas per year from Russia to Germany through the territorial waters or exclusive economic zones of Denmark, Finland, Germany, Russia and Sweden.
Presenter
Karl
It is understandable for Mr. Trump being of a business mindset to be upset if this were a mark against American economy or business interest, but it is not. But in that stead, a needed energy source and business dealings that is vital to the national interest of those parties as listed.
Moscow© AFP 2019 / STEFAN SAUER
10:48 21.12.2019(updated 15:04 21.12.2019)Get short URL441677
Earlier US President Donald Trump enacted the $738 billion National Defence Authorization Act (NDAA), a military budget package for the coming year that includes sanctions against the Nord Stream 2 gas pipeline.
Russian Foreign Ministry spokeswoman Maria Zakharova commented on new US sanctions against the Nord Stream-2 and Turkish Stream pipelines, saying that the state, with its historically unprecedented debt, forbids others from developing their economies.
"A state with a national debt of $22 trillion forbids creditworthy countries from developing the real sector of their economies! The American ideology of life did not withstand global competition, which the US Treasury regularly confirms by issuing a new 'warrant for economic arrest'," Zakharova wrote on Facebook.
Moscow will carry on with all its economic projects regardless of any sanctions, Russian foreign ministry said.
The US Treasury Department late on Friday issued an explanation, stating that US sanctions against the Nord Stream-2 and Turkish Stream pipelines took effect immediately and that the US was demanding construction companies to stop their work.
US President Donald Trump signed on Friday the $738 billion National Defense Authorization Act (NDAA) that includes sanctions against the Nord Stream 2 gas pipeline, Turkey and Syria along with a range of other measures.
The legislation calls for mandatory sanctions on Nord Stream 2 and TurkStream pipelines, and bars military-to-military cooperation with Russia. The bill also sanctions Turkey over its acquisition of Russian S-400 air defense systems and prohibits the transfer of F-35 jets to Ankara.
The new set of US sanctions will target companies and individuals involved in providing services on the pipeline and have their US visas revoked and financial assets in the US frozen. The bill also provides for a 30-day grace period for them to wind down their operations in the project.
The Nord Stream 2 is a joint venture between Gazprom and five European companies: France's Engie, Austria's OMV, the UK-Dutch Royal Dutch Shell, and Germany's Uniper and Wintershall. The 745-mile-long twin pipeline will carry up to 55 billion cubic meters (1.942 trillion cubic feet) of gas per year from Russia to Germany through the territorial waters or exclusive economic zones of Denmark, Finland, Germany, Russia and Sweden.
Presenter
Karl