“The US Ambassador in Kiev has predicted a loss of 3% of GDP of Ukraine due to the “Nord stream-2”

The construction of the gas pipeline “Nord stream-2” (Nord Stream-2) through the Baltic sea will cause Ukraine significant damage, which can be up to 3% of gross domestic product, said the US Ambassador in Kiev, Marie Yovanovitch.

Экономика21 Sep 2017Медведев noted the pragmatism of US desire to bury the “Nord stream 2″Read more

Nord stream will reduce the transportation of gas through Ukraine… This can lead to losses of up to 3% of GDP”, said Jovanovic at the conference Oil&Gas in Kiev on Tuesday.

The project Nord Stream-2 cost nearly 10 billion euros, “Gazprom” and its partners intend to start in April 2018. It is assumed that 1,200-kilometer pipeline will be laid through the Baltic sea and connect Russia and Germany, bypassing Ukraine, Poland and the Baltic States. The gas pipeline’s capacity will be two times greater than that of the first Nord stream and construction is expected to be completed by the end of 2019.

Kiev adamantly against the project, calling it politically motivated and at the EU to create a consortium with the involvement of European companies to control the route of gas transportation through Ukraine.

The disagreement with the project “Nord stream-2,” said some of the EU countries, in particular Poland and Lithuania.

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