Nord Stream 2 pipeline: US imposes sanctions against two Russian companies

Source : 112 Ukraine

The US listed St. Petersburg, Russia-based Nobility, and a Russian insurer Constanta
08:35, 21 August 2021

Open source

Biden administration has imposed sanctions on two Russian entities over their involvement in the Nord Stream 2 pipeline project. It is reported by Bloomberg.

Biden's order on the introduction of new restrictive measures against Russian companies is published on the White House website.

"The order responds to certain Russian energy pipeline projects intended to expand Russia’s influence over Europe’s energy resources that would weaken European energy security — including that of Ukraine and Eastern flank NATO and EU countries — and thereby threatens the national security, foreign policy, and economy of the United States," the message reads.

Related: Ukraine not to change gas transit strategy in view of Nord Stream 2 launch, - Naftogaz-Ukraine chief

The order blocks the property and interests in property.

The US listed St. Petersburg, Russia-based Nobility, and a Russian insurer, Constanta, that was established after other insurers backed out of the project under threat of sanctions.

The list also included vessels sailing under the Russian flag- Ivan Sidorenko and Ostap Sheremeta.

In addition, according to Bloomberg, the Biden administration has also identified 23 entities or people for sanctions over the pipeline.

Related: Nord Stream 2 pipeline to be finished on August 23

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