America Moves To Sanction Gas Pipeline Project Between Russia and Turkey

Donald Trump has finally signed the 2020 National Defense Authorization Act (NDAA), something that has become a great worry to Turkey.

Turkey is now worried about the future of its gas pipeline project with RussiaIt is believed that the move will affect the nearly finished Nord Stream 2, which runs from Russia to Germany, and TurkStream, a Russian pipeline that traverses the Black Sea to Turkey.

The act was passed as The US House of Representatives and Senate Arms Services Committee could come to a consensus on December 10. It had a purposeful clause of sanctioning Russia.

According to this new act, the US now gets to decide how it uses its military resources regionally and its relations with other countries. So, as a part of the new NDAA, its first step is to impose sanctions related to Russia’s Nord Stream 2 and TurkStream pipelines and also bar military-to-military cooperation with Russia.
 The result has been that the Swiss-Dutch company Allseas has promptly announced suspension of work on building the major natural gas pipeline from Russia to Germany in order to avoid US sanctions contained in this legislation.


According to the bill, Trump administration has 60 days to identify companies working under both the projects, before it starts blacklisting them. The discretion to waive off or reduce sanction lies with the President only. But a wave of fear for the worst has already reached out.  The sanction will be affected on those that are still continuing with pipe-laying at depths of 100 feet or more below sea level for the construction of the Nord Stream 2 pipeline project, the TurkStream pipeline project.

The US has been extremely unhappy with Turkey’s turnaround and preference over the F35 programme, tilting itself to Russia over to the S400 purchases. Political analysts believe this sanction is a way for America to show their resentment to Turkey. 

Comments

Post a Comment

Popular posts from this blog

“Today is a Special and Significant Day For UAE’s Space Mission”

Image
  I want to share something interesting about what I read today. It’s how f rom sending the initial Emirati into space, conveying a few earth-perception satellites and dispatching the principal Arab interplanetary mission to Mars, to shaping a space traveler corps and building up the Arab Space Cooperation Group , the UAE has had the option to secure itself as a main country for space investigation and related innovations. "In exploring the cosmos, the world speaks one language and that’s science", says @astro_hazzaa , #UAE 's first astronaut Hazzaa AlMansoori looks back on his historic space mission and how the UAE made the impossible possible. Read more: https://t.co/layGLYqOpY pic.twitter.com/S2i72dk3rU — Khaleej Times (@khaleejtimes) June 19, 2021   Looking at it, IAC 2021 is in continuation of the UAE's endeavors of its encouraging in the worldwide space field and is pointed toward extending the impacts of these accomplishments to the more extensive area,
Read more

Russian central bank hikes rates amid the Ukrainian crisis

Image
  Russia's central bank on Monday raised its key policy rate to 20 per cent from 9.5 per cent amid the Ukrainian crisis. The western countries imposed harsh sanctions against the country, which affected the Russian economy. The central bank also ordered companies to sell 80 per cent of their foreign currency revenues to manage the fallout of harsh economic sanctions. The West pummelled the country with economic sanctions over Russia’s invasion of Ukraine . Reportedly, the central bank said in a statement that external conditions for the Russian economy have drastically changed after Russia invaded Ukraine. The bank further said that the rate hike from 9.5 per cent to 20 per cent will ensure a rise in deposit rates to levels needed to compensate for the increased depreciation and higher inflation. According to Reuters, the central bank will also resume buying gold on the domestic market and ease restrictions on banks' open foreign currency positions. The Russian rouble plu
Read more

“UAE Emphasize the Proper Utilization of Plastics”

Image
  I want to share this indescribable status in UAE . It’s how the prohibition on single-utilization of plastic sacks in Abu Dhabi will become effective from June 1, following the consenting to of an arrangement with significant retailers vowing to help the new strategy planned to lessen single use plastics.   It’s amusing how the gathering of senior leaders from significant retail outlets in Abu Dhabi on Monday marked a willful announcement, committing them to help the execution of the Abu Dhabi Single-Use Plastic Policy. Major retail outlets in #AbuDhabi support implementation of Single-Use Plastics Policy. #WamNews https://t.co/p5c4KCcXwE pic.twitter.com/vnbD1GezI9 — WAM English (@WAMNEWS_ENG) May 23, 2022   For me, being focused on the significance of cooperating with inhabitants and retail outlets to address the difficulties connected with single-use plastics, and their effect on the climate
Read more