Germany's Uniper may withdraw from Nord Stream-2 over sanctions

Germany's Uniper may withdraw from Nord Stream-2 over sanctions

Germany’s Uniper may withdraw from Russia’s construction of the Nord Stream-2 natural gas pipeline, if Washington sanctions the project, Uniper CFO Christopher Delbruck said.

"Uniper cannot take any risks, as U.S. sanctions would mean exclusion of the company from the payment transactions and inability to use the U.S. dollars in trade operations, which is unacceptable," the Uniper CFO explained. "Still, the company hopes that everyone would remain reasonable in the current situation," Dow Jones News cited Delbruck as saying.

The Nord Stream-2 project envisages construction of two lines of a natural gas pipeline with an annual capacity of up to 55 billion cubic meters, running from the Russian shore to Germany under the Baltic Sea. Russia's Gazprom is to implement the project together with Germany’s Uniper and Wintershall, Royal Dutch Shell, Austria’s OMV, and France’s Engie.

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