US: Sanctions on Nord Stream 2: Expanded scope

US: Sanctions on Nord Stream 2: Expanded scope

October 27, 2020

US State Department:

Natural gas pipeline that Russia is pushing for construction on October 20

“Nord Stream 2” (NS2),
“Turkish Stream” (TS).
Expanded the scope of sanctions against.

Expanded sanctions coverage:

“Support for equipment installation / renewal work on submarine pipeline (PL) laying vessels” was included in the sanctions.

The NS2 operating company has issued a statement that “more than 120 companies in more than 10 European countries will be damaged.”

On the other hand, there is a view that the impact is limited.

Nord Stream Co., Ltd .2:

According to the consortium “Nord Stream 2 Co., Ltd.” (Note), which is the implementing body of NS2,

He pointed out that the sanctions will damage more than 120 companies in more than 10 European countries.

“Any sanctions on NS2 will affect Western builders and investors,” he said (Interfax, October 21).

(Note) A corporate alliance that designs, constructs, and operates NS2.

Russian Gazprom,
French engine,
Austrian OMV,
British / Dutch shell,
German uniper,
Wintershall,
It consists of six major energy companies in Europe and Russia.

-JETRO

https://www.jetro.go.jp/biznews/2020/10/fcca2076be242eb8.html

US steps up sanctions pressure on Nord Stream 2 gas pipeline contractors | S&P Global Platts

https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/102020-us-steps-up-sanctions-pressure-on-nord-stream-2-gas-pipeline-contractors

U.S. Broadens Sanctions to Thwart Completion of Russian Gas Pipeline – WSJ

https://www.wsj.com/amp/articles/u-s-broadens-sanctions-to-thwart-completion-of-russian-gas-pipeline-11603193032