Bloomberg: sanctions will not help — the United States waited too long decision on the “Nord stream — 2”

After Russia got the permission of Denmark, to prevent the construction of “Nord stream — 2” is almost impossible, writes Bloomberg columnist Leonid Bershidsky. According to him, the US should have acted sooner when the pipeline is largely dependent on European companies.

Обозреватель Bloomberg: санкции уже не помогут — США слишком долго тянули с решением по «Северному потоку — 2»

Reuters”Nord stream — 2″, the controversial Russian project on construction of the gas pipeline received final approval needed to overcome the distance between the Leningrad region and the Baltic coast of Germany. Probably now it’s too late for US to prevent Russia to complete the project by the end of this year,” writes Bloomberg columnist Leonid Bershidsky.

“Nord stream — 2” is part of President Vladimir Putin, aims to supply natural gas to bypass Ukraine. The new pipeline will carry 55 billion cubic meters of blue fuel, that is, more than half of the volume that Russia is now pumping through the Ukrainian transit system. As a result, Kyiv will annually lose $3 billion, says the journalist. The United States would like to prevent this and to prevent the relatively cheap Russian gas prevented the increase in U.S. LNG exports to Europe. President Donald trump claimed that Germany is too dependent on fuel Moscow, and repeatedly threatened European companies participating in the project, sanctions, recalls the author.Meanwhile, Russia “hastily undertook the laying pipe”. At the beginning of last month, Gazprom announced that the project was completed by 83%. But there’s a catch: within two years, Denmark has not issued permission for construction in its territorial waters.

However, in this environment, Copenhagen finally gave the go-ahead, allowing the pipeline to pass by the shortest route. And, according to representatives “Gazprom”, this site can be built in five weeks. This decision was a blow to Ukraine, although not surprised her. “We expected this decision during the autumn. The principled position of Denmark has delayed the project for a while, but a geopolitical weapon is impossible to stop instruments that regulate solely commercial relations”, — admitted in Facebook the head of “Naftogaz” Andrey Kobelev. According to Bershidsky, Denmark really couldn’t “endlessly hold the Fort until the US showed weakness.” The recent squabble over trump’s interest in Greenland is also not particularly inspired the Danish government to prolong the situation. KOBOLEV urged the West as a next step, to impose sanctions. And in this it is supported by some us lawmakers. Republican Senator Ted Cruz promised to push the bill, which provides for the imposition of sanctions against ships laying the pipeline. But this bill hardly will delay the construction of the “Nord stream — 2”. Although “Gazprom” uses the services of a Swiss contractor Allseas Group to lay the pipe in the last section he can use his own vessel “Akademik Chersky” says the publicist. So, in his opinion, for the actions of the United States is already too late. Sanctions against the financing of the pipeline could be effective at a time when European companies — Royal Dutch Shell, Engie, Uniper, OMV and Wintershall — had provided the necessary equipment and services. Sanctions against the pipelayers could have a value before the start of construction. In any case, they could give Ukraine more time to revise the gas transit contract with Gazprom, the validity of which expires at the end of this year. On the other hand, the completion of the “Nord stream — 2” will help the plans of Germany, which provides for the rejection of the use of coal for electricity generation by 2038. In the embodiment of this initiative, you cannot rely on renewable energy sources, at least at the present stage of technology development. At the moment Ukraine supported the EU wants to sign a 10-year contract to pump 40-60 bcm of natural gas. But Moscow insists that any long-term agreement should include the resolution of legal claims of Kiev to Gazprom, and while, will likely agree only on a short-term replacement of this transaction. At the same time, she will continue working on full capacity “Nord stream — 2” and “Turkish stream,” is designed to supply gas to southern Europe, concluded Leonid Bershidsky.

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