New sanctions against “Nord stream-2” could be imposed as early as May

The Biden administration will submit to Congress an updated report on the Russian gas pipeline construction in two months.

New sanctions against participants in constructing the “Nord stream-2” gas pipeline may be introduced as early as May. This was announced on Thursday by Ned Price, a State Department official.

Price admitted that new participants might be added to the sanctions list of organizations that help Russia complete a gas pipeline construction under the Baltic Sea. The official representative of the diplomatic department allowed such a possibility, answering a question from a journalist about the intentions of the White House to impose sanctions on companies that have not yet been included in the sanctions list in accordance with the law “On the Protection of European Energy Security” (PEESA), but at the same time participating in the construction of the pipeline.

On February 23, the State Department announced the inclusion of only one organization in the list: the Russian company “KVT-Rus,” which is engaged in laying pipes for the “Nord stream-2.” The company owns the Russian pipe-laying vessel “Fortuna,” which is involved in constructing the gas pipeline.

“Of course, this is not the end of the story. Every 90 days, we are required to provide Congress with an update on the information we have identified… activities that are subject to sanctions in the context of “Nord stream-2,” Ned Price recalled. –If we determine that other organizations are involved in such activities, we will report this to Congress.”

According to Price, the next report on the “Nord stream-2” will be provided to Congress in May.

During a press briefing, Price said that Washington “is well aware of the threat posed by Russia,” which seeks to increase its influence, including in regions that are far from the Russian borders. However, at the same time, according to the press secretary of the State Department, the level of threats to the United States from China is still higher.

Russia, Price said, “does not have the capacity and … is not capable of challenging [America] in the same way as China.”

If you have found a spelling error, please, notify us by selecting that text and pressing Ctrl+Enter.

Author: Ivan Maltsev
The study of political and social problems of different countries of the world. Analysis of large companies on the world market. Observing world leaders in the political arena.
Function: Chief-Editor
Ivan Maltsev

Spelling error report

The following text will be sent to our editors: