HomeEconomyRussia Provides Sanction-Free Structure Worth $2 Billion for North-South Gas Pipeline

Russia Provides Sanction-Free Structure Worth $2 Billion for North-South Gas Pipeline

Russia has finally provided #Pakistan a sanction-free structure for the strategic North-South Gas Pipeline. The government is of the view that the construction work is likely to start somewhere in June-July this year with an estimated cost of over $2 billion.

The report stated that Pakistan has been seeking sanctions free-structure and pleading not to make #ROSTEC, the mother company of the RT Global, part of the project as it is facing sanctions from Russia for a very long time.

Pakistan cannot afford to allow such companies to participate in the project at a time when the country is under the watchful eyes of #FATF.

Now Russia has replaced the companies with a Joint Venture of LLCs Eurasian Pipeline Consortium and Federal State Unitary Enterprise (FSUE) ‘Centre of Operations Services’ of Russia’s Ministry of Energy. The official said that the project has been delayed by almost four years till now.

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