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U.S. Congress determines list of companies that face sanctions for Nord Stream 2 construction

Source : 112 Ukraine

The bill spreads sanctions towards companies, which provide services of underwriting, insurance or reinsurance of the vessels, which work at the pipeline
14:18, 4 June 2020

Open source

A bipartisan group of the U.S. Congress senators determined the list of entities that will face new sanctions tied with the launch of the Russian Nord Stream 2 pipeline as Bloomberg reported.

“A bipartisan group of senators is planning to introduce legislation that would expand U.S. sanctions against Gazprom PJSC’s Nord Stream 2 pipeline between Russia and Germany by taking aim at insurance companies that work with Russian vessels on completion of the project,” the message said.

The bill spreads sanctions towards companies, which provide services of underwriting, insurance or reinsurance of the vessels, which work at the pipeline and companies, which provide services and means for technological upgrading, installment of welding machines or vessels upgrading.

Related: Russian pipelaying ship arrives in Baltic Sea to complete Nord Stream II construction works, - press

The new sanction legislation might be also included in the National Defense Authorization Act 2021.

One of the leading authors of the bill, Senator Ted Cruz stated that the pipeline poses “a critical threat to America’s national security and must not be completed.”

Another author of the document, Senator Jeanne Shaheen underlined that the pipeline threatens Ukraine, energy independence of Europe and it enables Russia to exploit American allies.

Related: Germany's decision not to exempt Nord Stream 2 from EU gas directive is blow to Russia, - ambassador

The efforts of the congressmen aim to prevent the launch of Nord Stream 2.

Shaheen and Cruz last year secured sanctions against the pipeline as part of the 2020 National Defense Authorization Act. After President Donald Trump signed the NDAA into law, AllSeas Group SA stopped work on the pipeline, bringing the project to a halt just weeks before the expected completion. Gazprom, the owner of the pipeline and the gas that’s supposed to flow through it, has now moved two Russian vessels into the area to continue work.

As we reported, U.S. Ambassador to Germany Richard Grenell stated that lawmakers of the U.S. Congress are considering introducing new sanctions against the companies involved in servicing the Nord Stream 2 gas pipeline

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