Ukraine Aims For Black and Baltic Seas Monopoly as Russia Steams Ahead with Nord Stream 2

4 3,202

KIEV, Ukraine – Ukraine is building the so-called GO Highway, a trans-national road to connect Ukrainian Black Sea ports with Polish Baltic Sea, and in 2019 US $ 141.5 million will be earmarked for this project, the prime minister said. Ukraine, Vladimir Groisman.

“The GO Highway is a trans-national road linking the Ukrainian ports of Odessa and Mikolayev on the Black Sea with the Polish ports of Gdansk and Gdynia in the Baltic Sea, the project is very important from the logistic point of view. It makes it cheaper to transport goods from the Baltic to the Black Sea,” the premier said on Facebook.

It’s about a thousand miles of road.

During the current year, Ukraine will continue the repair and construction work on a large scale, Groisman points out.

Ukraine and the European Union are funding the project, which was announced in 2017.

It is hoped that this transport route will boost trade between Kiev and the EU, reducing costs.

- Advertisement -

Meanwhile, construction of the Nord Stream 2 gas pipeline linking Russia and Germany across the Baltic seabed has reached Sweden’s economic zone, a local radio station said last month.

According to Swedish radio SR, the ship Solitaire began to install the pipelines that had recently been delivered at the port of Karlshamn.

In connection with construction, the port has already hired 110 people, with an additional 30 jobs expected to be created. Work on the Swedish section will run until the summer of 2019.

The offshore pipeline will pass through the exclusive and territorial economic zones of several countries located along the borders of the Baltic Sea, among them Russia, Finland, Sweden, Denmark and Germany. In addition, in accordance with the Espoo Convention, Poland, Lithuania, Latvia and Estonia also participated in international consultations on the project.

However, the route used to build the pipeline near Denmark is still unclear, as Danish authorities have yet to announce their decision on the matter.

The company created for the planning, construction and operation of the Nord Stream 2 gas pipeline is Nord Stream 2 AG.

Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.

Get real time updates directly on you device, subscribe now.

Comments