WSJ: US prepares sanctions related to Nord Stream 2 gas pipeline

WSJ: US prepares sanctions related to Nord Stream 2 gas pipeline

New sanctions can be introduced within a few weeks.

The US leadership has prepared a draft law on sanctions, which could prevent the completion of the construction of the Nord Stream 2 gas pipeline between Russia and Germany. New sanctions can be introduced within a few weeks, The Wall Street Journal reports referring to current and former US officials.

Restrictions are planned to be introduced in relation to companies involved in the construction of the gas pipeline, or banks and other companies that fund Nord Stream 2. The US fears that the new gas pipeline will strengthen Europe's dependence on Russian natural gas. Washington is going to warn the European Union of imposing sanctions in advance.

Russian President Vladimir Putin and German Chancellor Angela Merkel agreed at the meeting held on August 18 that the Nord Stream 2 project should be protected from attacks by third countries, Russian presidential press secretary Dmitry Peskov said.

Nord Stream 2 duplicates the already existing pipeline between Russia and Germany. The agreement on the construction of two new Nord Stream threads on the bottom of the Baltic Sea from Russia to Germany was signed in September 2015. The capacity of the new pipeline will be 55 billion cubic meters of gas per year.

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