According to the Russian Satellite News Agency on December 4, the description document of the draft defense budget law of the United States states that the Senate and the House of Representatives have unanimously included the expanded sanctions on the “North Stream-2” gas pipeline project in the defense budget.
Both the Senate and the House of Representatives’ defense budgets call for sanctions. Now that the request has been negotiated, the President may lift sanctions on certain people in accordance with the national interest. In addition, the request for consultation when imposing sanctions on a series of countries has been added.
The North Stream-2″ project’s gas pipeline will pass through several countries along the Baltic Sea or their exclusive economic zones, including Russia, Finland, Sweden, Denmark and Germany.
Russian Gas is the sole shareholder of Nord Stream2, the operator of the North Stream-2 project. The North Creek-2 project, with a total cost of 9.5 billion euros, will be funded by Russian gas at 50%, with 950 million each from ENGIE Group of France, OMV Group, Royal Dutch Shell, Uniper of Germany and Wintershall of Germany. Financing in euros (i.e. 10% of the project cost).
