US bill may slam sanctions on Nord Stream 2 pipeline

A bill slamming sanctions in relation to Nord Stream 2 pipeline will be introduced to the US Senate shortly, according to reports by Foreign Policy. The bill reportedly has bipartisan support and it targets the European companies involved in the actual laying of the pipes. These include primarily Italy’s Saipem and the Swiss Allseas, which can fall under sanctions for their involvement in building Russian gas pipelines. This implies that the sanctions can theoretically affect also the TurkStream pipeline, which is under construction. Note that Russia does not have the technology for deep-sea laying of pipelines, which is the likely reason these companies are targeted. We remind that large European companies (Germany’s Wintershall and Uniper, Austria’s OMV, Anglo-Dutch Shell and France’s Engie) are involved in the financing of the project.

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