Shell spoke about the investment in the «Nord stream-2» in terms of sanctions

© AP Photo / Peter DejongФлаг Shell. Archival photoShell spoke about the investment in the «Nord stream-2» in terms of sanctions© AP Photo / Peter Dejong

The decision to grant Nord Stream AG 2 funding to implement the project of construction of the pipeline «Nord stream-2» was made based on commercial logic and with respect to existing measures of trade control and international sanctions, said RIA Novosti the representative of the press service of the Anglo-Dutch oil company Royal Dutch Shell.

On Thursday, the Deputy Chairman of the Board «Gazprom» Alexander Medvedev said that Nord Stream 2 (the operator of the project «Northern stream-2») has received funds from all European companies, which were to be provided in 2017. Shell has previously announced that the partners of Nord Stream 2 — Shell, OMV, Engie, Uniper and Wintershall will provide Nord Stream AG 2 for 285 million euros in 2017.

«We are the business structure. We make decisions based on the best commercial interests, while respecting the existing measures of trade control and international sanctions,» — said the press service of Shell. The company did not comment on the possible impact of the project extended the list of sanctions of the USA against Russia, who on Wednesday endorsed the U.S. Senate.

«Our decision to provide funding for Nord Stream 2 is commercial, and is based, inter alia, on the expected return on investment, and that the construction of the pipeline («Nord stream-2» — ed), which will allow access to additional gas supplies to Europe, will be beneficial. It is also a way of strengthening our cooperation with «Gazprom», — said the representative of the press service of Shell.

The U.S. Senate on Wednesday overwhelmingly approved an amendment to expand sanctions against Russia. In particular, it is expected that the President of the United States may impose sanctions against persons who intend to invest in the construction of Russian export pipelines market value of over $ 5 million per year, or $ 1 million lump sum, or provide the projects, services, technology, to provide information support.

The US «will continue to oppose construction of the pipeline «Nord stream — 2″, taking into consideration its detrimental impact on the energy security of the European Union and the development of the gas market in Central and Eastern Europe and the energy reform in Ukraine», reads the text of the bill.

Shell spoke about the investment in the «Nord stream-2» in terms of sanctions«Nord stream-2»

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