US Congress to Move On With New Sanctions to Stop Nord Stream 2 Completion, Investor Says

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WASHINGTON (Sputnik) – The US Congress will proceed with a new round of sanctions before the end of the year in an attempt to halt the completion of the Nord Stream 2 pipeline project, Kyle Shostak, director of Navigator Principal Investors, told Sputnik.

Shostak said unlike incumbent US President Donald Trump, the presumed President-elect Joe Biden will have to pay more attention to the German opposition to the US sanctions against the pipeline.

Shostak pointed out that the German stance is hesitant and undecided while the pro-Russian position is weakened as a result of the Alexei Navalny case.

In October, the US State Department broadened the scope of sanctions against Nord Stream 2, enabling Washington to target companies that provide services or funding to vessels working on the project.

Russia has criticized the United States for imposing yet another set of sanctions against Nord Stream 2, saying the sanctions exemplify Washington’s desire for unfair competition.

The US sanctions resulted in Swiss constructor Allseas, which participated in laying the pipeline in the Baltic Sea, to suspend its work in late December.

In January, German Chancellor Angela Merkel said the Nord Stream 2 pipeline should be completed as expected.

The results of the 2020 US presidential election have not been certified yet, but all major US media have projected Biden to be the winner. While Biden claimed victory on Saturday, President Donald Trump also said he won, adding that the election had been stolen from him via massive election fraud. Trump has disputed the results and taken the matter to court.

Sourse: sputniknews.com

US Congress to Move On With New Sanctions to Stop Nord Stream 2 Completion, Investor Says

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