Nord Stream pipeline partner: American sanctions will have a major impact on the financing of the project
New US sanctions against Moscow will impact the financing for the Nord Stream 2 pippeline project, as expressed by the President of the German-Russian Foreign Trade Chamber and the CEO of Austrian energy company, OMV Rainer Seele, DW informs.
“It will not be possible to organize project financing involving US banks, we will have to work with Asian banks,” he stated.
According to Seele, the assessment is being conducted to determine the consequences of the new US sanctions on the Nord Stream gas pipeline expansion project.
As a result of the new sanctions package, it will be difficult to secure the loans for …read more