Gazprom says sanctions won’t stop Nord Stream 2 pipeline project

31 Aug 2017   Russia

The $11 billion Nord Stream 2 project to add a second Russian trans-Baltic gas export pipeline will be implemented regardless of how new U.S. sanctions are interpreted, an official at Gazprom ( GAZP.MM ) told a conference call on Wednesday. Gazprom’s officials also said during a call with investors that the newly imposed sanctions by the United States did not bar the company from borrowing abroad. The United States has introduced several rounds of sanctions against Russian companies and individuals for Moscow’s involvement in the Ukraine crisis and for alleged interference in the U.S. presidential elections in 2016. The latest set of U.S. punitive measures was imposed on Moscow this month. The […]

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