Senators Draft Bill to Sanction Work on Nord Stream 2 Pipeline

U.S. lawmakers want sanctions on Russia-to-Germany project

Issue has pitted Trump against Merkel on Germany’s gas supply

 

Two U.S. senators plan to introduce a bill targeting the Nord Stream 2 pipeline that would take natural gas from Russia to Germany, according to two people familiar with the plans, reports Bloomberg.

Texas Republican Ted Cruz and New Hampshire Democrat Jeanne Shaheen, both members of the Senate Foreign Relations Committee, drafted the measure to increase pressure on Russia and one of its most important exports.

The gas pipeline has divided the European Union, with nations led by Poland concerned about Russia’s Gazprom PJSC tightening its grip on the region if the new pipeline comes online. U.S. President Donald Trump has also criticized the project, calling for the bloc to diversify its energy supply sources and buy liquefied natural gas from North America.

A draft version of the bill would target vessels that lay the pipeline and would deny visas to executives from companies linked to those vessels. It also would block transactions in U.S.-based property or interests belonging to those individuals and would penalize entities that provide insurance to the project.

 

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