Head of Naftogaz Vitrenko: Ukraine will lose 1.5 percent of GDP due to Nord Stream 2
Head of Ukrainian company Naftogaz Yuriy Vitrenko said that if the Nord Stream-2 gas pipeline is launched, Ukraine's annual losses will amount to about $ 2 billion. He stated this in an interview with Reuters.
According to him, for this reason Kiev still hopes to block the Russian project.
Ukraine will lose about two billion dollars a year if & quot ; Nord Stream 2 & quot; will be launched, which is equivalent to about one and a half percent of the country's GDP
Yuri Vitrenkoglava of Naftogaz may lose 1.5 percent of GDP per year Ukraine because of the “Nord Stream-2”
He also expressed the opinion that the pipeline “threatens world security,” therefore Kiev counts on Washington's support.
Vitrenko expects that the US Congress will impose sanctions on the operator Nord Stream 2 AG, since “on the other side of the ocean, either otherwise they understand that Russia is using gas as a weapon, that it is not playing by the rules. ” “Nord Stream 2 is actually endangering the entire continent and global security,” the head of the company said.
Nord Stream 2 certification
The day before, on November 15, Vitrenko announced that Naftogaz would take part in the certification of Nord Stream 2. According to the head of the company, Naftogaz is ready to provide Germany with information about the impossibility of certification of the gas pipeline in the near future.
According to him, the relevant decision was made by the German regulator BNetzA. “We are ready to provide our arguments why Nord Stream AG cannot be certified without its full compliance with European energy legislation,” Vitrenko said.
The German regulator, in turn, confirmed that the Ukrainian “Naftogaz” and “Operator GTS ”were admitted to the Nord Stream certification. However, Ukraine will not receive a veto on the gas pipeline certification.
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In Ukraine, it has been repeatedly stated that Nord Stream 2 is allegedly being used by Russia as a weapon against Europe and Ukraine. In particular, Ukrainian Foreign Minister Dmitry Kuleba called the gas pipeline a problem not only for Kiev, but for the whole of Europe. The Foreign Minister also stressed that Russia is using gas “as a weapon” against other countries, including European ones.
Vitrenko himself expressed the opinion that the launch of Nord Stream 2 and the reduction of the transit of Russian gas through Ukraine to Europe may increase the chances of a full-scale war between Russia and Ukraine.
According to the head of the Ukrainian company, with the launch of the project, Moscow will “get rid of the deterrent factor”, and Ukraine may become more vulnerable to “Russian invasion.”
Termination of transit through Ukraine will increase the possibility of a full-scale war between Russia and Ukraine with all its consequences
Yuriy Vitrenkoglava of Naftogaz
He also said that Nord Stream 2 will become a geopolitical weapon in the hands of the Russian president. The head of Naftogaz admitted an option in which the Russian leader would begin to blackmail European buyers and try to exchange the increase in gas pipeline supplies for long-term contracts.
Completion of the construction of Nord Stream 2
The construction of Nord Stream-2 was completed on September 10 2 “. Two lines of the gas pipeline, each 1,234 kilometers long, will run from Russia to Germany along the bottom of the Baltic Sea. The gas pipeline's capacity will be 55 billion cubic meters per year. Before commissioning, the facility must be certified in Germany and the European Union (EU). On October 26, the Ministry of Economy of the Federal Republic of Germany informed the Federal Grid Agency (regulatory body) that it did not see a threat to gas supplies to Germany and the European Union in Nord Stream 2.