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U.S Senate names possible sanctions for Nord Sream-2

American lawmakers are also suggesting imposing restrictions on individuals and legal entities that "knowingly" provide warranty or insurance services to these vessels
12:33, 1 June 2019

112 Agency

U.S. Senate named the possible sanctions for the Nord Stream-2, as it is stated at official website of the U.S. Congress.

The bill foresees, first of all, restrictions that will be imposed on external companies that provide their specialized Nord Stream-2 pipelines in the Baltic Sea. The document says that restrictions should be introduced if the vessels are engaged in pipe-laying at depths of 100 feet below sea level.

American lawmakers are also suggesting imposing restrictions on individuals and legal entities that "knowingly" provide warranty or insurance services to these vessels.

Related: Germany stands against sanctioning Nord Stream 2 companies

US President can impose more than five types of sanctions, including refusals to the issuance of any guarantee, insurance, any specific license and any other specific permission to export any goods or technology from the USA. In addition, it can be a ban on American banks to issue loans for a year, a ban on dealing with United States Government debt, a prohibition on payments in the area of American jurisdiction and property transactions, or a prohibition on investing capital.

Related: European Commission not to stop Nord Stream 2, - Merkel

The US government also has the right not to conclude contracts for the purchase of goods or services of a foreign person. In addition, directors and shareholders with a controlling interest in such companies may be denied in entry visas or US visas.

Related: U.S. and UK jointly oppose Nord Stream 2

As it was reported earlier, the Chancellor of Germany Angela Merkel stated that the European Commission would not be able to block the construction of Nord Stream 2 gas pipeline.

Ukraine is adamantly opposed to the construction by calling it politically motivated and suggesting the EU to create a consortium with the involvement of European companies to manage the existing more efficient transportation route through Ukraine. A number of EU countries have expressed their disagreement with the Nord Stream 2 project in particular Poland and Lithuania.

Related: Nord Stream 2 to sue EU over new gas rules

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