Administration Issues More Nord Stream Sanctions
The Biden administration sanctioned two Russian individuals and a Russian vessel involved in the Nord Stream 2 pipeline project, the State Department said on Aug. 20. The Office of Foreign Assets Control designated the parties under the Protecting Europe’s Energy Security Act (PEESA), which authorizes sanctions against Russia’s energy sector and its use of energy export pipelines. "The administration continues to oppose Nord Stream 2 as a bad deal for Ukraine, and a bad deal for Europe, and a harmful Russian geopolitical project," State spokesperson Ned Price said during a briefing. "We remain committed to implementing PEESA even as we take steps to reduce the risks an operational NS2 pipeline would pose to European energy security and the security of Ukraine and frontline NATO and EU countries."
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President Joe Biden also signed an executive order "that allows the U.S. Government to impose sanctions applicable to PEESA-designated persons without the exception relating to the importation of goods," State said. The administration sanctioned some others related to the pipeline earlier this year (see 2105240010).