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ARTICLE · 24 AUGUST 2021

President Biden Sanctions Russian Pipelines

Hogan Lovells Cadwalader
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On August 20, 2021, President Joseph R. Biden signed an Executive Order blocking all property and interests in property of individuals and entities identified by the Secretary of State to be involved in Russian energy export pipelines.

United StatesInternational Law
Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
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On August 20, 2021, President Joseph R. Biden signed an Executive Order ("EO") blocking all property and interests in property of individuals and entities identified by the Secretary of State to be involved in Russian energy export pipelines. Additionally, the Secretary of State identified in a report to Congress one Russian vessel and two Russian individuals involved in the Nord Stream 2 pipeline, indicating that the vessel and individuals would be targeted by U.S. economic sanctions.

The August 20th EO is intended to (i) expand on the April 15th EO that blocked all property and interests in property of any person determined to have engaged in "specified harmful foreign activities" on behalf of the Government of the Russian Federation and (ii) respond to developments in Russian energy pipeline projects, including the Nord Stream 2 pipeline, that aim to expand Russia's influence on Europe's energy infrastructure.

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