English translation of an article published today by the Dutch FT
Dutch companies hit by US sanctions against Nord Stream 2
Dutch FD: From our editor: 23 Dec 2019
In brief
- President Trump has announced sanctions for the construction of the Russian gas pipe Nord Stream 2.
- The measure affects the Dutch offshore group Allseas and Shell.
- Furious reactions about internal affairs interference from Germany and Brussels.
US President Donald Trump announced sanctions from Friday to Saturday against the construction of Nord Stream 2, the gas pipeline that runs from Russia to Germany. The project should be operational by mid-2020. 2100 kilometers of the gas pipeline is already finished, about 300 kilometers of pipelines are still missing.
A variety of international companies are involved in the project and are likely to be affected. Also Dutch companies. For example, the sanctions appear to be aimed particularly against the Dutch-Swiss offshore company Allseas by the Dutchman Edward Heerema. That immediately stopped its work for Nord Stream 2 on Saturday.