US broadens interpretation of Nord Stream 2 sanctions

Nord Stream 2 construction resumes despite new US sanctions | DW News

The sanctions will affect companies providing services to the vessels involved in the project

The US State Department has clarified the sanctions on the Nord Stream 2 gas pipeline project, stating that they will also affect companies that provide various services or funding for vessels participating in the project..

As noted in the statement of the department, the provisions of the European Energy Security Act (PEESA) regarding sanctions against foreign persons and companies who knowingly provided ships for the construction of the project, “may also apply to foreign firms or persons that provide certain services or goods necessary for the provision or operation of a vessel involved in the pipe-laying process for such projects “.

The Department of State has clarified that such sanctioned activities may include, but is not limited to, “the provision of services or materiel to upgrade or install equipment for these ships, or finance the modernization or installation of equipment for these ships.”.

“The State Department and the Ministry of Finance are ready to use the full range of sanctions powers to stop the construction of these pipelines,” the department stressed, referring to the Nord Stream 2 and Turkish Stream projects, as well as their possible continuation.

US broadens interpretation of Nord Stream 2 sanctions

The United States believes that the Nord Stream 2 gas pipeline poses a threat to Europe’s energy security, reducing its energy diversification, and may also increase political pressure on Ukraine, through which gas is now supplied to Europe..

“We continue to urge Russia to stop using its energy resources for coercive purposes,” the State Department said. “Russia uses its pipelines to export energy resources in order to create national and regional dependence on Russian energy supplies, using this dependence to expand its political, economic and military influence, weaken European security and undermine national security and foreign policy interests of the United States.”.

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US broadens interpretation of Nord Stream 2 sanctions

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