Protecting Europe’s Energy Security Act has received overwhelming bipartisan support and proposes targeted sanctions to halt completion of Nord Stream 2, Russia President Vladimir Putin’s natural gas pipeline designed to control Europe.
But there has been a procedural delay and time is running out. The act targets sanctions against one company, Allseas, which is providing a critical deep-sea pipe-laying vessel to install Nord Stream 2 on behalf of Gazprom, and it is only three months away from finishing the job unless it is stopped.
“There is emerging consensus about placing this sanctions bill in the defense budget bill called the National Defense Authorization Act,” said Daniel Vajdich, whose firm Yorktown Solutions advises Ukraine’s energy conglomerate Naftogaz.
Sources say President Donald Trump will sign the sanctions bill into law by the end of the year.
Continue reading the blog article published on the Atlantic Council website.