Who will win the tag-of-war with Russia's Nord Stream 2 gas pipeline?
June 8, 2021, 10:03 am

Who will win the tag-of-war with Russia's Nord Stream 2 gas pipeline?

gas

The administration of President Joe Biden decided to waive sanctions against the operator company "North Stream-2" - Nord Stream 2 AG. The President of the United States explained his decision not to apply sanctions to the key company-participant in the construction of the Russian gas pipeline "North Flow-2" because the project had already been completed, as well as his unwillingness to harm relations with Europe gas

Nord Stream 2 is a twin of the Nord Stream 1 gas pipeline already operating since 2012. This is a gas pipeline from Russia to Germany along the bottom of the Baltic Sea, by passing transit states - Ukraine, Belarus, Poland and other countries of Eastern Europe and the Baltic. The first construction work began in 2018. The majority share of the project belongs to Gazprom European powers companies participate in it.

Russian gas is now entering Europe through Ukraine, thereby limiting Russia’s military aggression. After the launch of North Stream-2, this lever of containment may disappear and the financial revenues that Russia will receive from the operation of the gas pipeline "North Flow-2", Moscow uses for further expansion of aggression.

Early Washington imposed sanctions on firms involved in the construction of the pipeline. Ukraine and many European countries are actively opposing the construction of the gas pipeline. At the same time, the German government supports Nord Stream 2, although there are many critics of this project in the country.

Republicans in the US Congress demand immediate sanctions against Nord Stream 2, they are actively calling on the government to lift restrictions on sanctions against the Nord Stream 2 operator, as stated in an official letter of appeal from members of the US Congress to the head of the State Department.

As Congressmen explain, the State Department’s assertion that the imposition of such sanctions "would negatively affect US relations with Germany, the EU, and other European allies and partners" is not fully consistent with the position of Central and Eastern European countries, including Ukraine. It is these allies and partners who have the biggest security and economic problems associated with "Northern Flow-2" that legislators point out.

Nord Stream 2 is not a commercial project, but a geopolitical one. The consequences of its implementation for the security of the region will be very harmful. Russia has used energy instruments to achieve political goals for 30 years and it would be naive to believe that once Russia takes over such a powerful instrument as Nord Stream 2, it will not use it to achieve political goals.

"The longer the Biden administration drags on, the more Putin's malevolent influence across Europe will increase," Republicans say.

"It is possible to stop the completion of the" Stream "with sanctions from America," - said Lana Zerkal, a former adviser to the head of Naftogaz Ukraine. gas

by: Tetiana Bazanova levant

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has announced its sponsorship of the “Innovation and Sustainable Technology Solutions Competition (GU - IST Solutions), hosted by Gulf University at its main campus.
This strategic sponsorship reflects BENEFIT’s active role in advancing technological innovation and fostering sustainable solutions to future challenges. It also seeks to empower Bahraini youth by enhancing their skills, capabilities, and competitiveness in innovation and solution development—contributing meaningfully to the broader goals of sustainable development across all sectors.
As part of BENEFIT’s active involvement in the competition, the company has announced that Hanan Abdulla Hasan, Senior Manager of Public Relations and Communication, will serve on the competition’s supervisory committee. Her upcoming participation reflects BENEFIT’s forward-looking commitment to championing academic and professional excellence.
Commenting on the occasion, Hanan Abdulla Hasan, Senior Manager of Public Relations and Communication at BENEFIT, said, “We are privileged to support this pioneering initiative, which aligns seamlessly with BENEFIT’s enduring commitment to fostering innovation and nurturing the potential of Bahrain’s youth. Our participation is rooted in a deep sense of social responsibility and a firm belief in the pivotal role of innovation in shaping a sustainable future. Through such platforms, we seek to empower the next generation with the knowledge, skills, and foresight required to develop impactful solutions that address future challenges, in line with the United Nations Sustainable Development Goals 2030.”
Dr. Aseel Al Ayash Dean of the College of Engineering in Gulf University commented, “We extend our sincere gratitude to BENEFIT for their generous sponsorship and support of the Innovation and Sustainable Technology Solutions Competition. This contribution plays an instrumental role in helping us achieve the strategic goals of this initiative, namely, cultivating a culture of innovation and sustainability, encouraging efforts that address the imperatives of sustainable development, and enhancing the practical and professional capabilities of our students and participants.”
The event will bring together a diverse spectrum of participants, including secondary school students, university undergraduates, engineers, industry professionals, entrepreneurs, academic researchers, and subject matter experts representing a wide range of disciplines.
The competition seeks to inspire participants to develop and present innovative, sustainable technologies aimed at addressing pressing environmental, social, and economic challenges. It encourages the formulation of business models that integrate advanced technological solutions with core principles of sustainability. Moreover, it serves as a platform for emerging leaders, entrepreneurs, and innovators to contribute to the advancement of the Sustainable Development Goals, promote the ethos of responsible technology, and demonstrate its transformative potential across various sectors.
Attendees will have the opportunity to view a series of project presentations submitted by participants, covering diverse areas such as eco-friendly product design, smart and sustainable innovations, renewable energy technologies, water conservation and management, waste minimisation and recycling, green architectural solutions, and sustainable transportation systems. Outstanding projects will be formally recognised and awarded at the conclusion of the event.