Bill expanding sanctions against Nord Stream 2 presented to US Senate

Business & Economy June 04, 2020, 22:44

In particular, US sanctions related to Nord Stream 2 apply to vessels engaged in all pipe laying activities

WASHINGTON, June 4. /TASS/. US Senators Ted Cruz, Jeanne Shaheen and John Barrasso introduced a bill expanding sanctions against the Nord Stream 2 gas pipeline project to the Senate, according to the statement posted on Barrasso’ website.

"The new legislation clarifies that US sanctions related to Nord Stream 2 apply to vessels engaged in all pipe laying activities, as well as to those who facilitate providing those vessels, as well as to those who provide insurance, port facilities, or tethering services for those vessels, and ultimately to any company that provides certification for the Nord Stream 2 pipeline to begin operations," the statement says.

The Nord Stream 2 project contemplates construction of two gas pipeline strings with the total capacity of 55 bln cubic meters per year from Russia to Germany across the Baltic Sea. The gas pipeline is 93% complete to date.

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