a few seconds agoThe EU plays APUman to undertake new sanctions against Russia (Photo/Video)
Periskopi(9 years ago)
(9 years ago)Major European energy projects can be influenced by sanctions if the US Congress passes a bill to punish businesses working to develop, improve and maintain projects related to the Russian state worldwide. European Commission chief spokesman Margaritis Schinas said the move would affect “energy independence and [...]
Major European energy projects can be jeopardised if the decision is made by the US Congress, which is expected to be adopted on July 25th, the bill punishing businesses working to develop, improve and maintain other projects co-operating with those of Russia worldwide.
The European Commission's chief spokesman, Margaritis Schinas, said that this measure if taken by the American Congress would influence the energy independence and the security issue “of Europe.
The commission prepared a list of eight companies to be affected.
The list includes all these companies: Natural Gas liquidation in Baltic (Shell and Gazprom); Blue River (Eni and Gazprom); Gas pipeline CPC (Shel, ENI and Rosneft); The Nord 1 River (various European companies and Gazprom); The Nord 2 River (various European companies and Gazprom); The expansion of Sakhalin II (Shell and Gazprom); Chess Deniz and the Caucasus Southern Pipeline ( PB and Lukoil); and Zhor Field ( BP, Annie and Rosneft.
Schinas has said that the Commission is forwarding developments “with some concerns” and expected the European Union's “to be treated seriously at the American Congress, “reported. Sputnik International” Transmission Periscope.
Since the European Congress meeting is on the way, the EU has added efforts to minimize the influence of European companies by sending it to Washington during the weekend of July 22nd-23rd to convince American lawmakers to ease the conditions presented in the text.
A key change in this case is envisioned by Russia being allowed in participation for energy projects rises from 10% to 33%.
The amended draft resolution must first be voted on by Congress, then by the Senate before being ratified by President Donald Trump.
Schinas said the EU is ready to respond “in an adequate and immediate manner”.
However, any corrective measures undertaken against the United States would require the support of all member states, which includes countries that oppose Nord Stream 2 between Poland and other Eastern European countries, which believe the project would increase Europe's energy dependence on Russia.
EU leaders reviewed their decision on new sanctions against Russia when it responded with a programme of its sanctions on countries that had sanctioned it./Periscopi/
