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

Russia sees oil output rising after OPEC+ deal expires in 2022: economy ministry
Russia sees oil output rising after OPEC+ deal expires in 2022: economy ministry

Russia expects its oil production to increase after the current OPEC+ deal on output curbs runs its course in April 2022, data from the economy ministry published on Saturday showed. Russia, which the ministry expects to produce 507.4 million tonnes of oil this year, is seen increasing its production over the next three years to 560 million tonnes, or 11.2 million barrels per day, in 2023. Ministry data forecasts an increase in oil exports to 266.2 million tonnes by 2023, slightly lower than last year's exports.

Kremlin
Kremlin's World War III Propaganda Meltdown Shows Putin Is Cornered
  • World
  • 2020-09-26 04:25:22Z

MOSCOW-Russia these days may look frightening to Americans, who hear often of election meddling and poisoning among other ill deeds. But consider for a moment the view from the other side of the divide, or at least the view presented to Russians by their television sets.The looming potential for World War III has become a regular topic on Russian state propaganda shows. Night after night, Vladimir Soloviev, who is often described as the Kremlin's top propagandist, and his guests condemn the West's "economically suffocating" strategy of imposing sanctions and suggest war is the logical outcome.The conclusion reached by Soloviev and his guests is that the country's politicians and titans of...

Russia, China block release of UN report criticizing Russia
Russia, China block release of UN report criticizing Russia
  • World
  • 2020-09-26 03:50:15Z

Russia and China blocked the official release of a report by U.N. experts on Libya that accused its warring parties and their international backers -- including Russia -- of violating a U.N. arms embargo on the conflict-wracked country, U.N. diplomats said Friday. Germany's deputy U.N. ambassador, Günter Sautter, said he brought the issue to the Security Council after the two countries blocked the report's release by the committee monitoring sanctions on Libya, which Germany heads.

Inspired by Thunberg, veteran climate activist logs Arctic meltdown
Inspired by Thunberg, veteran climate activist logs Arctic meltdown

ABOARD 'ARCTIC SUNRISE' (Reuters) - Jailed in Russia in 2013 for trying to halt oil drilling in the Arctic, a disillusioned Paul Ruzycki switched to working on cargo ships for a while before the words of Greta Thunberg inspired him to return to his life as a climate activist. The grizzled 55-year-old is now ice navigator on board a Greenpeace ship in the Arctic, and painfully aware of how much more fragile the environment he has devoted much of his life to protecting has become in the three decades he has sailed the globe with the group. "I used to say to my friends back home, go up and see the Arctic before it's gone, but I think that joke is turning out to be a reality," he told...

Leave a Comment

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

Cancel reply

Comments

Top News: Europe