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ARTICLE · 27 DECEMBER 2019

New US Sanctions Target Nord Stream 2 And Turkstream Pipeline Projects

Clyde & Co
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On December 20, 2019, President Trump signed into law the National Defense Authorization Act for Fiscal Year 2020, ...

United StatesInternational Law
Douglas Maag
Douglas Maag
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On December 20, 2019, President Trump signed into law the National Defense Authorization Act for Fiscal Year 2020, which, in a title named "Protecting Europe's Energy Security Act of 2019" (PEESA), authorizes imposition of sanctions against persons involved in the Nord Stream 2 and Turkstream pipeline projects.

PEESA requires the Secretary of State, in consultation with the Secretary of Treasury, to issue a report to Congress by February 18, 2020 identifying:

  1. vessels engage in pipe-laying at depths of 100 feet or more below sea level for the construction of the Nord Stream 2 or Turkstream pipeline projects or any successor project thereto (collectively, the Targeted Projects); and

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