German business has responded to the threat of US "Northern stream — 2"

German business believes that the statements of Secretary of state Mike Pompeo on sanctions against the pipeline "Nord stream — 2" the unprecedented intervention in the energy sovereignty of the European Union. This was stated by Oliver Hermes, the head of the Eastern Committee of German economy, which represents the interests of German companies and enterprises in Eastern Europe and the former Soviet Union.

Hermes added that this unprecedented intervention will lead to a shortage of supply and, consequently, to excessive prices. According to him, investment in the project in the amount of 12 billion euros are under threat, and the refusal to supply in the "Nord stream — 2" all European gas consumers should expect additional annual cost of four billion euros.

"The United States violate free and fair competition and use sanctions without restrictions for the protection of their economic interests. The EU has no other choice but to care to respond to the extortion attempt. As already announced, the EU Commission should reflect all the attacks on their sovereignty from outside and quickly provide hard of the catalogue of measures," said Hermes.

He stressed that Europe needs "an effective protective shield" for companies that are unfairly affected by us sanctions.

Hermes also said that due to the anti-Russian EU sanctions, German-Russian trade is losing annually nearly 20 billion euros. The new sanctions he called "totally unacceptable."

In the German government, RIA Novosti stated that it took note of the statements Pompeo, and stressed that the position of Berlin in relation to the "Nord stream — 2" is unchanged.

Foreign Minister of Germany Heiko Maas, for his part, said that the United States, threatening sanctions against the "Nord stream — 2", disregard the law and the sovereignty of Europe to decide for themselves how and where to obtain energy.

"The European energy policy is formed in Europe, not in Washington. We reject extraterritorial sanctions," reads his statement.

Maas added that in recent weeks the German government has held many talks with the US authorities in anticipation of tougher sanctions.

"We clearly identified our position. We consider it wrong to defend myself with the sanctions in a circle of partners. What we need is a common transatlantic approach to sanctions against Russia. These efforts are complicated by today's decision of the United States," concluded Maas.

As stated Pompeo, the state Department included "Nord stream — 2" and the second line of the "Turkish stream" in the new edition of the recommendations relating to the law CAATSA — "ON countering Russia through sanctions." It stipulates the extension of sanctions to all investors and partners of the Russian gas pipelines.

"This is a clear signal to companies involved in projects in Russia by the malicious influence that the United States will not stand for it: get out immediately or there will be consequences," he said.

The state Department said that these restrictive measures still do not work, but if Washington will see that they are worthwhile, then bring them into force.

The project "Northern stream — 2" involves the laying 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. It also passes through territorial or exclusive economic zones of Finland, Sweden and Denmark.

Against the building act Ukraine, which fears to lose the income from the transit of Russian gas, Poland, Latvia and Lithuania, believes a political project, and also the USA, which are actively promoted in the EU its liquefied natural gas.

At the end of last year, the United States adopted the defense budget, which included sanctions against companies involved in the construction of "Nord stream — 2". As a result, the construction was suspended: the Swiss company Allseas, is engaged in laying of pipes immediately stopped work.

Finish the pipeline Russia can independently using the pipelayer "Akademik Chersky". He is now in the port of Mukran logistic base of the "Nord stream — 2". In "Gazprom" stated that they expect to launch the pipeline at the end of this or early next year.

The American senators have introduced in the Senate a new package of sanctions that extend restrictive measures to all involved in the construction of the court, those who facilitated the provision of these courts, provides for them, insurance and port services, as well as those who will provide the certification to start operation of the pipeline.