Austrian Foreign Minister: "US sanctions against Nord Stream 2 "unacceptable""

Austrian Foreign Minister: "US sanctions against Nord Stream 2 "unacceptable""
# 13 January 2020 12:30 (UTC +04:00)

Austrian Foreign Minister Alexander Schallenberg has lashed out at the US over its push for sanctions to be slapped on the Nord Stream 2 gas pipeline project, APA reports citing Sputnik.

“We reject the extraterritorial effect of the sanctions. This is unacceptable,” Schallenberg pointed out in an interview with the Austrian newspaper Die Presse.

He argued that Nord Stream 2 contributes to the diversification of energy supplies in Europe and does not infringe on the interests of Ukraine.

Schallenberg recalled that Washington does not make any secret of the fact that its criticism of the project is based on economic considerations.

When asked to comment on US plans to supply its liquefied natural gas (LNG) to the EU, he noted that “Europe has other interests”.

The statement comes after Russian President Vladimir Putin said at a joint press conference with German Chancellor Angela Merkel on Saturday that Russia could complete Nord Stream 2 on its own and that the only issue in this regard was timing.

According to Putin, the gas pipeline will be operational by the end of the first quarter of 2021 at the latest.

Earlier, Swiss-based Allseas Group S.A., which participated in the project's construction, announced that it would suspend its work over fears of being slapped with American economic measures.

The move followed the US State Department warning that the US will impose sanctions on Nord Stream 2 contractors unless they “immediately” demonstrate good faith efforts to wind down operations.

This came after US President Donald Trump signed in December the National Defence Authorisation Act for Fiscal Year 2020, which specifically envisages sanctions against the Nord Stream 2 project.

Kremlin spoken Dmitry Peskov, for his part, slammed US sanctions on Nord Stream 2 as “a perfect example of unfair competition", saying that Washington is imposing more expensive gas on Europe.

He continued on by saying that both "Moscow and Europe dislike US sanctions on Nord Stream 2, as these measures violate international law".

Nord Stream 2 is a joint venture between Russia’s energy giant Gazprom and five European companies: France's ENGIE, Austria's OMV, the UK-Dutch Royal Dutch Shell, and Germany's Uniper and Wintershall.