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Nord Stream II: U.S. extends sanctions against companies servicing pipe-laying vessels

Source : 112 Ukraine

The restrictions concern services or funding for modernization or setting equipment on these vessels
20:00, 20 October 2020

Nord Stream 2
Reuters

The United States government announced an extension of sanctions against companies that service vessels laying the Nord Stream II pipeline. This is reported on the website of the Department of the State.

The restrictions concern services or funding for modernization or setting equipment on these vessels.

"In accordance with PEESA Section 7503, the Secretary of State, in consultation with the Secretary of the Treasury, is to submit a report to Congress for the relevant period, identifying (A) vessels that engaged in pipe-laying at depths of 100 feet or more below sea level for the construction of the Nord Stream 2 pipeline project, the TurkStream pipeline project, or any project that is a successor to either such project; and (B) foreign persons that the Secretary of State, in consultation with the Secretary of the Treasury, determines have knowingly sold, leased or provided those vessels for the construction of such a project; or facilitated deceptive or structured transactions to provide those vessels for the construction of such a project", reads the message.

Related: Denmark grants permission to operate Nord Stream 2 gas pipeline on its continental shelf

The explanation says that companies have 30 days to stop their actions in this regard. The term begins on October 20.

"The Department of State and the Department of the Treasury are prepared to use the full range of sanctions authorities to halt construction of these pipelines", the message said.

Related: Polish authority fines Gazprom for USD 7.6 bn, decision related to Nord Stream II case

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