Senate Committee Passes Bill With Nord Stream 2 Sanctions Provision
The Senate Foreign Relations Committee passed a bill that would require President Joe Biden to determine whether certain companies are eligible for sanctions for helping to build the Nord Stream 2 pipeline (see 2104160022). The Ukraine Security Partnership Act, approved…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
April 21, names Nord Stream 2 AG and 19 other companies, all of which could be designated under the Protecting Europe’s Energy Security Act. Sen. Cruz, R-Texas, introduced the provision as an amendment to the act. The measure will remove “any hope” from the companies that they can avoid accountability for working on the Russian gas project,” Cruz said in a statement. He also directed a tweet to companies involved in Nord Stream 2: "the United States knows who you are, and if you don't get out immediately you will be sanctioned.” The bill, which would also authorize Ukraine to receive “expedited excess defense article transfers” and calls for more U.S. support in the region, will now head to the Senate floor.