Shell: sanctions against Nord Stream 2 did not affect investors

“We were not directly affected by the sanctions of the US Treasury,” TASS quotes van Berden.

He clarified that the sanctions concerned a contractor who was engaged in pipe laying, while Shell and several other European companies were involved in debt financing of the project.

Previously, the RDIF Director General Kirill Dmitriev said that US sanctions on the Nord Stream 2 gas pipeline project impede the transition of Europe to environmental fuels.

At the end of 2019, the United States announced sanctions against Nord Stream 2. The Swiss company Allseas then suspended work on the project.