Left Menu
Development News Edition

UPDATE 1-U.S. senators offer bill targeting Russia-Germany pipeline

Reuters | Updated: 15-05-2019 03:27 IST | Created: 15-05-2019 03:27 IST
UPDATE 1-U.S. senators offer bill targeting Russia-Germany pipeline
A group of Republican and Democratic U.S. senators introduced legislation on Tuesday seeking sanctions targeting the Nord Stream 2, a planned gas pipeline from Russia to Germany under fire from the United States and some European Union countries. The bill introduced by Republican Senators Ted Cruz, John Barrasso and Tom Cotton and Democrat Jeanne Shaheen, seeks to impose travel and financial sanctions on companies and individuals involved in constructing the pipeline.

The legislation reflects continued U.S. concerns over Russian influence in Europe, but the measure is many steps from becoming law. It would need to pass both the Senate and House of Representatives and be signed by President Donald Trump to go into effect. The Nord Stream 2 project is led by the Russian state-owned gas company Gazprom, with funding from Germany's Uniper and BASF unit Wintershall, Anglo-Dutch firm Shell, Austria's OMV and France's Engie.

Opponents of the 11-billion-euro ($12 billion) project worry its construction will increase European reliance on Russian energy. Trump has accused Germany of being "captive" to Moscow because of its dependence on Russian energy, and urged that the project be halted. But gas by pipeline from Russia offers Germany, the biggest economy in Europe, and other countries in the region a cheaper option for fuel than liquefied natural gas from the United States and other producers.

Germany also wants to reduce its reliance on coal and nuclear energy. The pipeline, which would carry gas straight to Germany under the Baltic Sea, has also been criticized because it would deprive Ukraine of lucrative gas transit fees, potentially making Kiev more vulnerable.

Washington has touted liquefied natural gas, delivered by U.S. companies, as an alternative to Russian gas. (Reporting by Patricia Zengerle in Washington; Additional reporting by Tim Gardner; Editing by Jeffrey Benkoe and James Dalgleish)


TRENDING

OPINION / BLOG / INTERVIEW

‘Discounted Deaths’ and COVID 19: Anthropology of Death and Emotions

Death is a social event rather than the mere cessation of biological functions. As seen by anthropologists, death is not just physical but intensely social, cultural, and political....

Indigenous knowledge of communities a must for maximizing impact of community work

Generally, it has been observed that the majority of the academicians in higher education institutions neglect the wisdom of community people and throw their weight around thinking that they know everything and the community knows nothing. ...

In rebuking FBR, Pakistan’s courts take a stand for public health

The system, if implemented effectively, will allow Pakistans revenue service to combat the illicit trade in tobacco products and potentially add hundreds of millions of dollars to the states budget each year. ...

Dissecting how COVID-19 is catalyzing the trajectory of New World Order

The ensuing pandemic of COVID-19 has hit the globalization in two ways firstly, shrinking the importance of globalization as an economic force by curtailing mobility through worldwide lockdowns, and secondly, rejuvenating the idea of indig...

Videos

Latest News

China calls U.S. Uighur bill a 'smear' and severe interference

The U.S. bill proposing to sanction Chinese officials over their treatment of the Uighur minority blatantly smears Chinas anti-terrorism efforts and severely interferes in Chinas internal affairs, said China Foreign Ministry Friday.Zhao Lij...

Odisha reports 63 new COVID-19 cases, total rises to 1,723

Sixty-three more people have tested positive for COVID-19 in Odisha, taking the total in the state to 1,723, a Health Department official said here on Friday. Of the fresh cases, 61 had recently returned to the state from various parts of t...

Italian BTP yields rise, moves subdued before month's end

Italian government bonds fell on Friday as investors grew worried before a European Commission rescue plan takes form, although yields were mostly stable across the euro zone. The commission proposed a 750 billion-euro recovery fund on Wedn...

Cate Blanchett to star in 'Borderlands' movie adaptation

Hollywood star Cate Blanchett is set to play the lead role in the movie adaptation of popular video game Borderlands. The 2009 action role-playing first-person shooter game is about a group of four Vault Hunters, who travel to the distant p...

Give Feedback