Reuters: U.S. warns of sanctions risk for firms invested in Russian pipeline

02:17, 12 July 2018
Economy
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REUTERS

"We have been clear that firms working in the Russian energy export pipeline sector are engaging in a line of business that carries sanctions risk," a spokesman for the U.S. State Department told Reuters.

Read alsoPoroshenko on Nord Stream 2: "Geopolitical project aimed to weaken Ukraine"

"We believe it (the pipeline) would undermine Europe's overall energy security and stability by providing Russia another tool for the political coercion of European countries, especially Ukraine. Russia understands that this project is dividing Europe, and is using that to its advantage."

U.S. President Donald Trump accused Germany on Wednesday of being a "captive" of Russia due to its energy reliance and its support for the plan to double capacity of the Nord Stream pipeline under the Baltic Sea to Germany, bypassing traditional routes through Ukraine.

Five Western firms have invested in Nord Stream 2 - Wintershall and Uniper of Germany, Austria's OMV, Anglo-Dutch Shell, and France's Engie.

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