Zerkal: Nord Stream 2 Is Financial Failure for Russia

Nord Stream 2 won't be operating as planned on Jan 1, 2020

Photo Ukrinform-UATV

Nord Stream 2 won’t be worth Russia’s efforts, Ukraine’s Deputy Foreign Minister Olena Zerkal said.

“I do not treat Nord Stream 2 as something fatal. I go from the fact that the EU’s legislation has already been extended to Nord Stream 2, so the pipeline will never be beneficial to the Russians in the way that they’ve hoped. And if something is unprofitable for them, they often give up,” Zerkal said in an interview with “Dzerkalo Tyzhnia.”

Nord Stream 2 won’t start operating on Jan. 1, 2020, as the Russians planned, and may not even begin operating by that time in 2021, Zerkal said.

“They are only now starting to process the project documentation for an alternative route, bypassing Danish territorial waters, which is already a big defeat. Another point is European legislation: the strengthening of market relations within the European gas market means that Nord Stream won’t work as they built it financially and organizationally,” she said.

Source UATV
date 19.07.2019
categories Economics
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