Wintershall Dea Says Completed Nord Stream 2 Investments Before US Slapped Sanctions

MOSCOW (Sputnik) – German firm Wintershall Dea has accomplished its 730 million euro ($888 million) investments within the Russian-led Nord Stream 2 challenge earlier than US sanctions went into pressure, its 2020 annual report stated on Wednesday.

“The Group‘s involvement with the Nord Stream 2 project is limited to the provision of loans together with four major European energy companies (ENGIE, OMV, Shell and Uniper). The company‘s loan payments to Nord Stream 2 AG amount to €730 million and were completed prior to the revision of the ‘Countering America‘s Adversaries Through Sanctions Act ‘CAATSA‘ Section 232 Public Guidance [on 15 July 2020],‘” the report learn.

No additional disbursements are deliberate, the corporate added.

Last yr, OMV and Shell introduced that they’d delivered on their contractual obligations to Gazprom to finance the challenge.

Nord Stream 2 is a three way partnership of Russian vitality large Gazprom and 5 European companions. The twin pipeline, which can deliver Russian fuel to Germany beneath the Baltic Sea, is topic to strain from the United States, which manufacturers it as a risk to the vitality safety of Europe and Ukraine, whereas selling costlier LNG.

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