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Trump Doubles Down: Threatens Sanctions On European Investors In Russian Pipeline

  • Trump Doubles Down: Threatens Sanctions On European Investors In Russian Pipeline
    by Tyler Durden, https://www.zerohedge.com/
    With less than a week to go before President Trump is scheduled to meet with President Putin in Helsinki, the State Department has decided to renew its pressure campaign on Western businesses invested in Russia’s Nord Stream 2 pipeline to Germany.

    According to Reuters, the State Department has doubled down on previous warnings to Europe, most recently in May when Trump gave Merkel an ultimatum to drop the Russian gas pipeline, and has been “making it clear” to firms involved with “the Russian energy export pipeline sector” that they’re at risk of being sanctioned.

    “We have been clear that firms working in the Russian energy export pipeline sector are engaging in a line of business that carries sanctions risk,”
     a spokesman for the U.S. State Department told Reuters.


    “We believe it (the pipeline) would undermine Europe’s overall energy security and stability by providing Russia another tool for the political coercion of European countries, especially Ukraine. Russia understands that this project is dividing Europe, and is using that to its advantage.”

    read more.

end

July 12, 2018 - Posted by | Economics | , , , , ,

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