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U.S. attack on European energy: U.S. to sanction companies working with Nord Stream 2

Christian Fernsby ▼ | December 28, 2019
The U.S. will sanction any company involved in construction of Nord Stream 2 gas pipeline if its operations on the pipeline are not wound down within 30 days, the US State Department said.
Nord Stream
American pressure   Nord Stream
In a fact sheet, State's Bureau of Energy Resources said the US "will impose sanctions unless related parties immediately demonstrate good faith efforts to wind-down."

Topics: U.S. energy sanction Nord Stream

"Related parties need to finish wind-down within 30 days," the fact sheet states. "Any company involved in Nord Stream 2 needs to look carefully at what that means for their operations."

The fact sheet was issued a week after US President Donald Trump signed the National Defense Authorization Act into law. The NDAA is a defense spending bill which calls for the US State and Treasury departments to submit a report within 60 days that identifies "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."


 

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