Senators to announce sanctions bill on Russia's Nord Stream 2 gas pipeline
U.S. senators will announce a bill this week expanding sanctions on Russia’s Gazprom-led Nord Stream 2 project, Senate aides said, targeting a pipeline Washington says will make Europe too reliant on Russian gas.
The Protecting Europe’s Energy Security Clarification Act follows legislation signed by President Donald Trump last year, which prompted Swiss-Dutch company Allseas to halt undersea work.
Two Russian-owned pipe-laying vessels may now be used to finish the remaining 100 miles (160 km) of the project, led by state-run Gazprom.
The new legislation, spearheaded by Senators Ted Cruz, a Republican, and Jeanne Shaheen, a Democrat, would expand sanctions to include penalties on parties involved in pipe-laying activities, not just laying pipes, and parties providing underwriting services, insurance or reinsurance for vessels.
4 June 2020