A key US Senate sanctions bill could penalize European companies building Nord Stream 2
Friday, August 10, 2018

A key US Senate sanctions bill could penalize European companies building Nord Stream 2

A key US Senate sanctions bill could penalize European companies building Nord Stream 2, according to an analysis of a leading version, a 100-page expanded CAATSA bill, performed by Moscow’s Kommersant business newspaper. With initial work underway on the € 9.5 billion pipeline, the bill could impact Engie, OMV, Shell, Uniper and Wintershall. Timothy Ash writes of the mood in Washington: “The only question now is determining which sanctions actions are likely to be forthcoming, and how extreme they will be. But the experience from the April 6 designation would suggest that we have to expect the unexpected, assume that no Russian entity/oligarch is necessarily untouchable.”

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