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Losses due to Nord Stream 2 for Ukraine to total $1.5B

13:24, 20 January 2021
Losses due to Nord Stream 2 for Ukraine to total $1.5B Photo: vk.com/nordstream2

The losses due to Nord Stream 2 have been calculated in Ukraine, Der Standart reports.


Ukraine Finance Minister Serhiy Marchenko estimated the losses at $1.5 billion.

This is a loss of resources and jobs – a total of about $1.5 billion a year, he said.

Due to Nord Stream 2, Kyiv will lose its transit capabilities, and the infrastructure will be idle, he added.

Nord Stream 2 will connect Russia and Germany with two gas pipelines, which the United States is actively opposing. The gas pipeline was suspended in December 2019 after sanctions against the Swiss company Allseas. Construction continued in December 2020, with the Fortuna ship laying 2.6 km of pipes in German waters.

The gas pipeline sections in the Danish waters and about 28 kilometers in the German territorial waters remain unfinished. The Danish authorities have allowed Fortuna’s use for pipe-laying from January 15, while the works in the German waters may continue until the end of May.

NEWS.ru reported earlier that Washington had indeed sent Berlin a notice that it was going to impose sanctions against the Russian pipelayer Fortuna and its owner.