Trump signs off on sanctions against Nord Stream 2 pipeline

Reading Time: < 1 minute

US sanctions targeting the Nord Stream 2 gas pipeline between Russia and Germany were signed into law on Friday evening after President Donald Trump signed off on a massive defense bill.

The bill describes Nord Stream 2 as a “tool of coercion and political leverage” that Moscow could use against Berlin — and risks significantly weakening US ties to Germany and other European allies. US lawmakers in both houses of Congress overwhelmingly approved the sanctions.

The sanctions target companies that are involved in constructing the $11 billion (€9.93 billion) energy project that will transport Russian gas supplies under the Baltic Sea and deliver them directly to Germany.

Under the sanctions, the Trump administration now has 60 days to identify companies and individuals providing services on the pipeline. The sanctions allow Washington to revoke US visas and block the property of these individuals. Those targeted by the sanctions would then have 30 days to wind down their operations.

 

Via DW

Once you're here...