BERLIN – Gazprom believes that the new U.S. sanctions against export pipeline projects are aimed at cutting off U.S. companies from participating at a time when similar projects are being implemented by European partners, Gazprom Deputy CEO Alexander Medvedev told a briefing during the international conference “Prospects of Russia-EU Energy Cooperation. Gas Aspect” in Berlin.
“There are funny figures there, such as $1 million, when the projects cost many billion. We are implementing the projects in cooperation with European companies, banks and export credit agencies. I think that the bill is focused on American companies. It’s that case when they are cutting off their nose in order to look better. If the senators believe that they can block Russian-American cooperation, god will judge them. The scope of ties is at a very low level, just like political relations. The fact that the duration of financing has been cut from 90 to 14 days makes no difference for us. The payback period for us takes decades,” he said.
