Washington’s sanctions threat against European companies building Nord Stream 2 is hitting the Achilles heel of the Russia-Germany gas line

Tuesday, January 15, 2019
Washington’s sanctions threat against European companies building Nord Stream 2 is hitting the Achilles heel of the Russia-Germany gas line

Washington’s sanctions threat against European companies building Nord Stream 2 is hitting the Achilles heel of the Russia-Germany gas line, according to two Ukrainian energy experts interviewed by UNIAN. “If the US imposes sanctions, then the probability of Allseas abandoning the project is 99.5%,” Oleksandr Kharchenko, director of Kyiv’s Energy Industry Research Center, says of the Swiss-based offshore pipeline and platform company. Referring to the 3,000-employee multinational, he said: “If Allseas falls into the sanction list, then for the organization it is a disaster, since most of the world’s oil industry workers will not work with it.”

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
President Poroshenko will meet with CEO members of the National Investment Council when he is in Davos

President Poroshenko will meet with CEO members of the National Investment Council when he is in Davos

Next post
ArcelorMittal Kryvyi Rih, Ukraine’s largest steel company and largest private company by revenue, plans to increase its capital investments this year by 30%, to over $450 million

ArcelorMittal Kryvyi Rih, Ukraine’s largest steel company and largest private company by revenue, plans to increase its capital investments this year by 30%, to over $450 million

Previous Main Topics