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US Threatens sanctions against Nord Stream 2 contractors Allseas Group and Saipem – Report

Gasoil News - Published on Thu, 10 Jan 2019

Image Source: Sputnik International
Sputnik News reported that Mr Richard Grenell, who became US ambassador to Germany in May 2018, said that European companies active in the venture are always in danger of Nord Stream 2-related sanctions and US might slap sanctions on two European contractors that are laying the pipeline for the Nord Stream 2 project

Sources in the German federal government told Handelsblatt that the White House would primarily levy sanctions on the highly specialised companies laying the Nord Stream 2 pipeline on behalf of the operating company, Nord Stream 2 AG. These two contractors are Swiss-based Allseas Group and Italian-based Saipem.

A spokesperson from Allseas, which is set to lay over 90 percent of the pipeline, was quoted as refusing to speculate about the possible impact of US sanctions. Saipem did not respond to a request for comment but industry sources, as per the report, called sanctions against the Italian firm "pointless" as it has already completed its part of the work.

Source :

Posted By : Joykumar Irom on Thu, 10 Jan 2019
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