Nord Stream 2 Funding Timing, Options Not Affected by US Sanctions - Gazprom

© Sputnik / Sergey Guneev / Go to the photo bankPipes for the construction of the Nord Stream 2 pipeline
Pipes for the construction of the Nord Stream 2 pipeline - Sputnik International
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Russia's Gazprom energy company is not adjusting the timing and options of raising funds for its Nord Stream 2 pipeline project because of new US sanctions, Deputy Chairman of Gazprom's Management Committee Andrey Kruglov said Thursday.

Gazprom Chairman of the Board Alexei Miller visits the ETERNO shop of the Chelyabinsk Pipe-Rolling Plant - Sputnik International
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MOSCOW (Sputnik) — Kruglov said at a press conference that "news of the planned sanctions on Nord Stream 2 forces us to analyze various scenarios for the implementation of this project."

"At present, we are so far not making any adjustments neither on our approaches to the implementation of Nord Stream 2 on the principles of project financing, nor on the timing of its implementation," he said.

Last week, the US Senate voted in favor of new sanctions against Russia over its alleged interference in the US presidential election in 2016.

The new package of sanctions included companies contributing to the construction of Nord Stream 2. The bill is yet to be approved by both the House of Representatives and the administration of US President Donald Trump.

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