US sanctions cannot stop gas pipeline to Europe: Russia FM

Image
AFP Moscow
Last Updated : Dec 22 2019 | 9:50 PM IST

Russia's foreign minister insisted on Sunday that a flagship project to pipe natural gas to Europe would be finished, despite the United States slapping sanctions on the companies involved.

Sergei Lavrov said the US measures over Nord Stream 2 had "humiliated" European countries but reiterated Moscow's commitment to the plan, in comments to be broadcast on Sunday on Pervy Kanal, a state TV channel.

The American announcement of asset freezes and visa bans enraged Germany and the European Union and immediately led to a Swiss pipe-laying contractor suspending its work on the project.

But the US envoy to Germany insisted it was a "very pro-European decision" to block the pipeline, due to double supplies of Russian gas flowing to Western Europe via an undersea pipe to Germany from early 2020.

"I've been hearing all day from European diplomats thanking me for taking this action," Richard Grenell told German newspaper Bild.

American lawmakers argued that Nord Stream 2 would give Russia too much influence over security and economic issues in western Europe.

The pipeline would also allow Russia to reroute supplies from overland pipes running through Ukraine, with Kiev long expressing concerns that this would deprive them of vital leverage over its giant neighbour.

The sanctions were welcomed by Ukraine and Poland, which labelled the pipeline "an instrument for the realisation of Russian economic and, potentially, military policy".

However, Lavrov said Nord Stream 2 would help with both the economy and the long-term energy security of European countries.

"They have been humiliated. But we have heard words, especially from Berlin, that show that the self-esteem of our European partners is still intact," he said. Germany reacted angrily to the sanctions on Saturday, accusing the US of interfering in its internal affairs.

More than 80 percent of the pipeline under the Baltic has been completed for the project, which is half-financed by Russia's state-owned Gazprom and half by five European companies.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 22 2019 | 9:50 PM IST

Next Story