The EU is unprofitable to block the project «Northern stream-2», said the lawyer

© RIA Novosti / Sergey Goneeverything in Photobacterium for gas pipeline Nord stream-2The EU is unprofitable to block the project «Northern stream-2», said the lawyer© RIA Novosti / Sergey Goneeverything the image Bank

The European Union will be unprofitable to block the project «Northern stream-2», so it will not support sanctions against companies participating in this program, said Director General of the legal company Renaissance-LEX Andrey Kolesnik.

Ukrainian «Naftogaz» had previously advised the US to impose sanctions on companies involved in the project «Northern stream-2». Ukraine stands out against the pipeline, fearing for the prospects of gas transit through its territory with its commissioning.

«To predict the results of voting on this issue at this time is not possible, it should be noted that the mechanism for execution of sanctions cannot be implemented without support from the EU countries through whose territory the gas pipeline will pass. Since the pipeline cost is around 9.9 billion euros, the distribution of the money among the European contractors of «Gazprom» makes a country economically interested in the construction», — said the lawyer.

He recalled that the imposition of sanctions by the US against the state or legal persons is possible only in the case of adoption of the relevant law, this legislative initiative can only come from members of Congress, that is from one of the 100 members of the Senate or one of 435 members of the house of representatives.

The project «Northern stream-2» involves the construction of two pipelines with a total capacity of 55 billion cubic meters of gas off the coast of Russia through the Baltic sea to Germany. The new pipeline is planned to be build next to the «Nord stream».