New sanctions against Nord Stream-2 may be imposed as early as May

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New sanctions against Nord Stream-2 may be imposed as early as May

Biden administration to update Congress on Russian pipeline construction in two months

New sanctions against those involved in the construction of the Nord Stream 2 gas pipeline may be imposed as early as May. This was announced Thursday by Ned Price, a State Department spokesman.

Price has admitted that new participants may be added to the sanctions list of organizations assisting Russia in completing the construction of the pipeline under the Baltic Sea. An official representative of the diplomatic agency admitted such a possibility, responding to a question of a journalist about the White House intentions to impose sanctions on companies that have not yet been added to the sanctions list under the Protection of European Energy Security Act (PEESA), but are involved in the construction of the pipeline.

On February 23, the State Department announced that only one organization had been added to the list: the Russian company KVT-Rus, which is involved in laying pipes for Nord Stream 2. The company owns the Russian pipe-laying vessel Fortuna, which is involved in the construction of the pipeline.

“Of course, this is not the end of the story. Every 90 days, we are required to provide Congress with an update on the activities we have identified sanctioned activities in the context of Nord Stream 2,” Ned Price recalled, “If we determine that other entities are involved in such activities, we will report that to Congress.” According to Price, the next report on Nord Stream 2 will be provided to Congress in May.

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During the press briefing, Price said Washington is “well aware of the threat posed by Russia” as it seeks to increase its influence, including in regions far from Russia’s borders. However, according to the State Department spokesman, the level of threat posed to the United States by China is still higher.

Russia, Price said, “does not have the capability and… able to challenge [America] in the same way that China does.