Reuters: Department of State has warned companies about sanctions in connection with Nord Stream 2

Reuters: Department of State has warned companies about sanctions in connection with Nord Stream 2
US NEWS

The State Department earlier this month warned European companies it suspects of aiding the construction of Russia’s Nord Stream 2 gas pipeline that they could face sanctions.

Meanwhile, the outgoing Donald Trump administration is preparing the final series of restrictive measures against the project.

“We are trying to educate companies about the risks and urge them to withdraw from the project before it’s too late,” a source in the US government said on condition of anonymity.

The source said the State Department is expected to issue a report by January 14-15 on companies that the Foreign Ministry believes are helping to build a gas pipeline from Russia to Germany.

The source said the report might mention insurance companies, companies helping to lay the subsea pipeline, or inspecting the project’s construction equipment.

Under current law, these companies face US sanctions if they do not stop operating.

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