Nord Stream 2 Sanctions to Be Included in Must-Pass Defense Bill




 

(Bloomberg) -- Sanctions aimed at blocking the Nord Stream 2 natural gas pipeline from Russia to Germany were included by U.S. lawmakers a must-pass defense bill, according to two people familiar with the legislation.

The sanctions, which would apply to companies building the pipeline project of Russian energy company Gazprom PJSC, are modeled after a bill introduced earlier this year by Senators Ted Cruz, a Texas Republican, and Jeanne Shaheen, a New Hampshire Democrat.

The measure targets vessels that lay the pipeline as well as executives from companies linked to those vessels, who could be denied visas and have transactions related to their U.S.-based property or interests blocked.

The sanctions, which are attached to the National Defense Authorization Act, or NDAA, are intended to force a halt of the construction of the Nord Stream 2 pipeline, according to a Senate Republican aide. Cruz said earlier this week that the project was within 60 days of completion.

Lawmakers have pushed for the sanctions as they say they were growing frustrated with President Donald Trump's failure to act on his own authority to block the project, which U.S. officials fear would give Russia new leverage in Europe.

Cruz has in recent days mounted an all-out push for the inclusion of the legislation in the defense bill. He has argued completion of the pipeline would "generate billions of dollars for Russia that will be used to fund military aggression against America and against Europe."

The Nord Stream 2 project has divided the European Union, with nations led by Poland concerned about Russia's Gazprom tightening its grip on the region if the pipeline comes online.

Lawmakers want to pass the NDAA before Congress is scheduled to leave for its holiday break on Dec. 20

To contact the reporter on this story: Daniel Flatley in Washington at dflatley1@bloomberg.net

To contact the editors responsible for this story: Joe Sobczyk at jsobczyk@bloomberg.net, John Harney

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.

COMMENTS

More Related News

After Trump
After Trump's Acquittal, It Will Only Get Worse for Republicans
  • World
  • 2020-01-26 13:00:36Z

(Bloomberg Opinion) -- The Senate trial of President Donald Trump is proving less Soviet than expected. Representative Adam Schiff of California, the House impeachment manager, last week presented a coherent, damning and often eloquent narrative of Trump's guilt, backed by text messages, emails, letters and sworn witness testimony previously delivered to the House.As my colleague Jonathan Bernstein points out, the weight of such facts can alter political gravity. Even Republicans who have made up their minds to acquit - which almost certainly describes the entire GOP caucus - have had to sit through the avalanche of evidence. Surely it weighs on at least a few consciences. Meanwhile,...

Warren Says She
Warren Says She's Ready to Fight After Major Iowa Endorsement

(Bloomberg) -- The Des Moines Register endorsed progressive favorite Senator Elizabeth Warren a little more than a week before the Iowa caucuses on Feb. 3, saying the Massachusetts lawmaker would "push an unequal America in the right direction." The influential newspaper in Iowa's largest city revealed its pick for the first-in-the-nation nominating contest on its website Saturday evening."At this moment, when the very fabric of American life is at stake, Elizabeth Warren is the president this nation needs," the Register's editorial board said.The Register said that many of Warren's ideas "are not radical. They are right.  They would improve life in America, and they are...

LGBT Rights Group Demands Sanders Renounce Rogan Endorsement
LGBT Rights Group Demands Sanders Renounce Rogan Endorsement

(Bloomberg) -- The Human Rights Campaign is calling on Bernie Sanders to renounce an endorsement from radio host Joe Rogan, who has made derogatory comments about African Americans and LGBTQ people.Rogan, who hosts "The Joe Rogan Experience," one of the most downloaded podcasts, said he would "probably vote for Bernie," adding "I believe in him. I like him a lot."In response, HRC President Alphonso David said in a statement that while Sanders' campaign has been "unabashedly supportive of the rights of LGBTQ people," Rogan "has attacked transgender people, gay men, women, people of color and countless marginalized groups at every opportunity."The statement from the largest LBGTQ advocacy...

Trump Lawyers Still Plan to Start Saturday: Impeachment Update
Trump Lawyers Still Plan to Start Saturday: Impeachment Update

(Bloomberg) -- House managers will wrap up their case against President Donald Trump on Friday, completing three days of arguments in the Senate impeachment trial. Trump's lawyers are set to begin presenting his defense on Saturday.Here are the latest developments:Trump Lawyers Still Plan to Start Saturday (10:19 a.m.)Trump's lawyers still plan to open their defense on Saturday, an administration official familiar with the matter said Friday, hours after the president tweeted that Saturday is the "Death Valley" of television."After having been treated unbelievably unfairly in the House, and then having to endure hour after hour of lies, fraud & deception by Shifty Schiff, Cryin' Chuck...

Belarus
Belarus' leader blasts Russia for pushing merger of 2 states
  • US
  • 2020-01-24 13:44:00Z

The president of Belarus on Friday accused Moscow of pressuring his country to merge with Russia and vowed not to let it happen. The statement comes amid stalled talks on further strengthening economic ties between two countries, seen in Belarus as Moscow's plot to swallow its post-Soviet neighbor.

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Europe