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Russian force giant Gazprom never will. Angelos angels Merkel could even less.
The Russia-Germabig apple pipeline, known as Nord Stream II, is once again in the crosshairs of a bipartisan congress. This time, a bill hopes to save you from the installation of the pipeline under the Baltic Sea by suing your insurers.
It is unlikely to stop, in fact, because they have reached a position so far and it is over. But here is the lacheck war of force between Russia and Russia.
Yesterday, representatives of the U.S. House of Representatives, Adam Kinzinger (R-IL), Denbig Apple Heck (D-WA), Mike Turner (R-OH) and Ruben Gallepass (D-AZ) brought a complementary U.S. Senate B, Protecting Europe’s Energy Security. Clarification Act, which will impose additional penalties on Nord Stream II.
The news temporarily reached Kiev, where Gazprom’s ex-wife in Ukraine, Naftogaz, treated her with joy.
Since then, Naftogaz and Gazprom have settled to their disputes, but the Nord Stream II line is considered a difficulty for the Ukrainian fuel apple. This means more Russian fuel entering Europe via the Germabig apple and less Russian fuel entering Europe via Ukraine. Some estimate that the loss of fuel transport currencies corresponds to about 10% of Ukraine’s GDP, a GDP that is not going anywhere.
Last year, any of the houses of Congress passed the Energy Security Protection Act of Europe (PEESA) and the role now brought the PEESA Clarification Act into the House and Senate.
The new law follows PEESA’s successful passage last year in the Annual Defense Budget Bill, which sanctioned corporations running in the pipeline that place pipes in the h8 seas in the Baltic Sea.
The PEESA Clarification Act will impose opposing sanctions on corporations largely in “pipe placement activities”, which are explained as “activities that facilitate pipe placement, adding site preparation, trenching, topography, rolling, rope, bending, welding, coating, piping and fillings”; corporations that provide “subscription or insurance or reinsurance” for pipeline placement vessels; Companies that provide “or services to improve generation or install welding appliances, or to improve or place” pipe placement vessels; corporations that provide “for mandatory testing, inspection or certification or applicable with the operation of the Nord Stream 2 pipeline”.
This necessarily excludes European corporations from the allocation for their construction, as insurance corporations are now in danger of being fined through the Treasury.
The same goes for technical inspection companies, which is up to Russia and a powerful friend who forces Gazprom’s European partners to accept everything the Russian inspectors say.
There is still no date to vote in PEESA’s Explanatory Law. It’ll probably happen. Europe’s reaction will be interesting.
Nord Stream II was founded in Zug, Switzerland, and is the majority owned by Gazprom, the world’s largest exporter of herbal fuel and the world’s largest producers. Gazprom accounts for nearly 15% of the world’s herbal fuel production. It’s a beast
Nord Stream II is a consortium of companies composed of Engie in France, OMV in Austria, Shell in and Uniconsistent with and Winterscorridor in Germany. Everyone has coins at stake in the project.
Nord Stream II is one or more Russian pipeline projects that were completed in 2014. At the time, Russia and Ukraine faced a bitter divorce. The Ukrainian government has collapsed. A pro-western has been installed, and Kiev has moved away from Moscow’s sphere of influence. Russia became Crimea, then an autonomous state of Ukraine, and now possesses it.
Seeing how the relationship between the two countries broke down, Russia acted temporarily to create alternative fuel transit routes that have Ukrainian pipelines, a large apple that existed because the days when Ukraine was the peak critical state in the Soviet Union.
Gazprom tried to build South Stream with the Italians, but the Italians, without coins or at least to make a variety of their appearance between Ukraine and Russia, withdrew. Turkey has been subsidized and the Turkish current has taken its place.
But the middle thread of all was definitely Nord Stream II, a pipe that could not have happened without the Germans either. It is located right next to the original Nord Stream, which led Naftogaz to be built as an end in Ukraine.
Since then, Washington has seen the pipe in similar light.
Moscow believes it annoys nord stream to eliminate it from lucrative European markets for force, and for this reason, Nord Stream has been the subject of Russian sanctions legislation since 2017.
I spent 20 years as a journalist for top productive in the industry, adding as a member of the staff founded in Brazil for WSJ. Since 2011, I have focused on business and making an investment in the great