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Turkey Sanctions aimed at Russia More than Turkey; Nord Stream 2 May Be Operational by Late 2021

RUSSIA

LOCAL NEWS

  • Turkey Analysts say US CAATSA sanctions were intended to hurt Russia more than Turkey by denying Russia's defense sector revenue by deterring purchases of Russian equipment - Ahval
  • Experts say gas supplies via Nord Stream 2 may start by end 2021
  • 2.6km stretch of pipeline to Germany expected to be completed by year end.
  • Construction of the last section to Denmark will begin afterwards and possibly take 6-months.
  • Analysts expect gas demand to increase substantially, making the project cost effective
  • US has sanctioned the project based on expanded political influence for Russia in the EU due to higher gas dependency - TASS
  • US is allegedly looking to set meetings with the EU to discuss how to slow the project - ICIS
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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