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EU and UK prepare to impose sanctions on new Russian gas projects

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Some media reports have said that the European Union and the United Kingdom are preparing to impose sanctions on new Russian gas projects if Russia invades Ukraine.

according to financial timesThe new round of sanctions, backed by the United States, is being drawn up and will aim to reduce funding and technology transfers for future gas projects.

If these sanctions are applied, they will hit European giants – such as BP, Total and Shell – who invest in the Russian energy sector.

pipeline Nord Stream 2Designed to supply Germany with Russian gas via the Baltic Sea, it has already become hostage to geopolitical tensions between Russia and NATO. Washington has repeatedly accused Moscow of using the pipeline as a lever to make European consumers more dependent on Russian gas, a claim that Moscow vehemently denies, saying it is a purely business venture and beneficial to both sides.

Earlier this week, US Under Secretary of State Victoria Nuland said Washington would work with Germany to make sure the pipeline Nord Stream 2 Don’t go ahead if Russia “invaded” Ukraine. In recent months, the West and Ukraine have accused Russia of concentrating its forces near the Ukrainian border in alleged preparation for an invasion. Russia has repeatedly stated that it does not intend to invade Ukraine, while emphasizing that it has the right to transfer troops within its territory.

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