• By The Financial District

U.S. IMPOSES SANCTIONS VS RUSSIAN SHIP OVER NORD STREAM 2 PIPELINE

The US government plans to impose sanctions on the Russian lay barge Fortuna for its involvement in the Nord Stream 2 Baltic Sea pipeline, MIchael Fischer reported for Deutsche Presse-Agentur (dpa.)

The US embassy in Berlin informed the German government of the move on Monday, a spokeswoman for the Federal Ministry of Economics told dpa. "We take note of this with regret," she said.


The nearly complete Nord Stream 2 pipeline is set to double the amount of Russian natural gas carried to Germany via the Baltic Sea, with the aim of providing the country with affordable energy as it phases out coal and nuclear energy.


However, the United States under President Donald Trump has argued that the pipeline will increase Europe's energy dependence on Russia. So far, the US government had only threatened sanctions for the controversial gas pipeline, but had not yet imposed any.


With the new punitive measures, Trump's administration wants to implement the threat for the first time shortly before its term in office ends on Wednesday.



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