No matter if sanctions (which I oppose) come or not, mere talk about them at this level puts a hefty risk premium on the project. It will be hard to raise the money required to build it on the market and rates will be sky high anyhow. If we believe in free markets, we are not afraid of a pipeline from Russia.
Bipartisan support is mounting on both sides of the Capitol against a controversial pipeline that would transport Russian natural gas to Germany.
Led by House Agriculture Chairman Mike Conaway (R-Texas), 16 members from both parties last week signed on to a nonbinding resolution, H. Res. 1035, opposing completion of the Nord Stream 2 pipeline, which would carry Russian gas across the Baltic Sea to Germany.