Investor “Nord stream – 2” requires a political response to US sanctions

Инвестор "Северного потока - 2" требует политической реакции на санкции США

The Austrian oil company OMV expects that “at the political level will be made the contribution to Europe has not lost” its investment attractiveness.

The Austrian oil company OMV requires a political response to US threats to impose sanctions against members who will help complete the construction of the pipeline “Nord stream – 2” between Russia and Germany. On Wednesday, July 29, said the Chairman of the group Rainer Seele on the performance of the semi-annual report. OMV, nearly a third owned by the Austrian state, is a major buyer of Russian gas and one of the investors in the “Nord stream-2”.

“As a European country, we certainly expect that at the political level will be made the contribution to Europe has not lost its appeal as a platform for investment,” he said. Seele added that the question is whether Europe is prepared to defend its sovereignty and independence, especially in matters of energy supply.

The turnover of OMV fell because of a pandemic

In the first half of this year, the turnover of OMV has decreased by approximately 7.9 billion Euro (31%) compared to the same period last year. Operating income before special deductions fell by 53% to 844 million euros. In the company, according to Zele, the loss associated with the impact of the pandemic coronavirus, and also with low oil prices. The head of the Board States that “clear signs of recovery” are already visible.

Checking against Seele

In may it became known that Wolfgang Berndt, Chairman of the Supervisory Board of OMV, has appointed check of office expenses Rainer Seele, on air and sponsorship – one in particular, gave money to the football club “Zenit” in the years 2017-2019.

The threat of sanctions

Work on laying the gas pipeline stalled due to US sanctions against European contractors, which entered into force in December 2019. The measures include a ban on entry into the United States for representatives of these companies, as well as freezing any assets in the country. The United States opposes the pipeline. According to them, it will strengthen Europe’s dependence on Russian gas supplies.

Earlier, on 15 July, the head of the American foreign Ministry warned that the participants of the project for the construction of “Nord stream – 2” will also fall under the law CAATSA “ON combating the enemies of America by sanctions” from 2017. “This is a clear warning to companies: get out of the project, or risk to unpleasant consequences,” said Pompeo.

Pipe-laying can’t resume because of cod

Russian truboprokat “Akademik Chersky” came from Finds in the German port of Mukran in may, but the Danish authorities have now banned any construction work in the area of Bornholm, explaining that the spawning of cod.