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‘Get out now or risk the consequences’: US threatens investors in Russian energy projects

RT | July 15, 2020

US Secretary of State Mike Pompeo has warned investors to ditch two major Russian gas pipeline projects, Nord Stream 2 and TurkStream, or face Washington’s sanctions.

Speaking at a news conference on Wednesday, Pompeo said that the State Department is set to update “CAATSA [Countering America’s Adversaries Through Sanctions Act] to include the Nord Stream 2 and the second line of Turkstream 2” pipelines. The move is set to put any investments in those projects at risk of sanctions.

“It’s a clear warning to companies that aiding and abetting Russian malign influence projects will not be tolerated. Get out now or risk the consequences,” he warned.

The threat comes as the Nord Stream 2 pipeline in the Baltic Sea nears completion, with ships able to lay the final kilometers of the pipeline already spotted in the area. Earlier this month, the Danish energy regulator allowed the operator of the project – Nord Stream 2 AG – to use ships with anchor positioning, expanding earlier rules that allowed it to use only vessels equipped with a dynamic positioning system. The construction can be resumed next month, after the time to appeal the decision expires.

The project, set to boost Russian gas supplies to Europe, stalled at the end of last year after a similar US sanctions threat. Back then, Swiss-Dutch pipelaying firm Allseas withdrew its vessels from the area, forcing Russia to finish the remaining part on its own.

Russia and both of which heavily invested in the project along with other European nations, have repeatedly criticized the US for interfering with the project. In June, Berlin said that new sanctions against the project will amount to “a serious interference in European energy security and EU sovereignty.”

The other Russian energy project mentioned by Pompeo, TurkStream, was officially launched in January. The two-string natural gas pipeline has the total capacity of 31.5 billion cubic meters, with one line supplying Turkey and the other – the one that could fall under US restrictions – transferring gas to southern and southeastern Europe.

July 15, 2020 - Posted by | Economics | , ,

8 Comments »

  1. US threatens…Pompeo warns…

    What a joke. Investors are a joke. Maybe they can all go on Shark Tank. Lori can put them on QVC. Mr. Wonderful can tell them, “You’re dead to me”.

    Like

    Comment by Tsisageya | July 15, 2020 | Reply

    • The US is a joke. Pompeo is a joke. Investors are a joke. This bullshit is a joke.

      Like

      Comment by Tsisageya | July 15, 2020 | Reply

  2. “CAATSA [Countering America’s Adversaries Through Sanctions Act]”

    Are we supposed to assume that the USA cannot compete these days and needs to “Bully” other nations into accepting America Law, or face sanctions if they don’t? The USA Government can make laws that affect the USA, but the USA cannot tell other nations what to do!
    Pompeo is a Ratbag Idiot. An embarrassment to what used to be a Great Nation.

    Liked by 1 person

    Comment by brianharryaustralia | July 15, 2020 | Reply

    • Except that the US really cannot compete so they use their military to …ugh. I can’t continue. It’s all so disgusting.

      PEOPLE OF THE WORLD: The citizens of the US are not to blame. Neither are the citizens of your country. It’s your government. They are traitors.

      Even the citizens of Israel. I daresay that you despise Nuttyyahoo. If you come to love Jesus Christ, even better.

      Like

      Comment by Tsisageya | July 15, 2020 | Reply

  3. “Or I’ll huff and I’ll puff and I’ll blow your house in.” Pay no attention, chaps, there’s nothing the big bad wolf can do.

    Liked by 2 people

    Comment by traducteur | July 15, 2020 | Reply

  4. You all say it so much better than I do.

    Like

    Comment by Tsisageya | July 15, 2020 | Reply

  5. Hey, no fair. Don’t make me angry. You wouldn’t like me when I’m angry.

    Like

    Comment by Tsisageya | July 15, 2020 | Reply

    • That means that Aletho kept a comment of mine from y’all. Eh, who cares? Whateves. It must not have been important.

      Like

      Comment by Tsisageya | July 15, 2020 | Reply


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