EN|RU|UK
 Incidents
  23785

 EU will not finance Nord Stream 2

Construction of the Nord Stream 2 pipeline is beyond interests of the European Union.

Vice President of the European Commission in charge of Energy Union Maroš Šefčovič stated in the hall of the European Parliament, Censor.NET reports citing Radio Poland.

Read more: Expansion of Nord Stream-2 pipeline hurts EU, Poland, and Ukraine - Duda

"The EU only supports those projects that do not contradict the basic principles of the Energy union. Diversification of energy sources, suppliers and supply routes are essential to ensure safe and resistant to disruption supplies [of energy] to European enterprises," Maroš Šefčovič said.

"Therefore the Nord Stream 2 does not stir common interest and will not be funded from the budget of the European Union," he added.

Read more: Koboliev: "Ukraine capable of providing itself with gas this, following, and any other winter"

According to the European Commissioner, the Russian gas pipeline will not provide the EU access to new sources of gas.

"In this case, we will be rather focusing on closer cooperation with Russia in terms of gas supplies," he said.

Maroš Šefčovič also noted that Ukraine proved to be a reliable transit partner last winter in terms of delivery of Russian gas.

 
 
 
 up