Will U.S. impose sanctions on Nord Stream 2 contractors?
The United States might impose sanctions on two European contractors that are laying the pipeline for the Nord Stream 2 project, German newspaper Handelsblatt reported, citing sources in the German federal government.
According to the newspaper, the White House would primarily levy sanctions on the highly specialised companies laying the Nord Stream 2 pipeline on behalf of the operating company, Nord Stream 2 AG. These two contractors are Swiss-based Allseas Group and Italian-based Saipem.
A spokesperson from Allseas, which is set to lay over 90% of the pipeline, was cited as refusing to speculate about the possible impact of US sanctions. Saipem did not respond to a request for comment but industry sources, as per the report, called sanctions against the Italian firm "pointless" as it has already completed its part of the work, Sputnik reported.