On December 18, the US State Department announced the introduction of new sanctions against companies, vessels, and individuals already under restrictions due to their participation in the construction of the Russian Nord Stream 2 gas pipeline.
Points of attention
- The US State Department announced new sanctions against companies, vessels, and individuals involved in the construction of the Russian Nord Stream 2 gas pipeline.
- 11 Russian companies and 17 vessels related to the gas pipeline have been added to the sanctions list.
- The EU Court of Justice rejected a claim by Nord Stream 2 AG, challenging EU regulations on gas pipeline separation, citing the application of exceptions to unbundling rules.
The US has imposed repeated sanctions for the construction of Nord Stream 2
This is stated in an official statement from the US State Department.
Today, the State Department is imposing sanctions on entities already designated under the Protecting European Energy Security Act (PEESA), as amended, for their involvement in the construction of the Nord Stream 2 gas pipeline, as well as several new owners of previously sanctioned vessels.
In particular, 11 Russian companies, including Nord Stream 2 AG, MTV founder Matthias Warning, as well as 17 vessels, have been added to the sanctions list.
As reported, the Nord Stream 2 gas pipeline at the bottom of the Baltic Sea was not launched due to international sanctions imposed against Russia after the start of a full-scale invasion of Ukraine.
Nord Stream 2 company lost the lawsuit in the EU Court of Justice
The EU Court of Justice has rejected a claim by Nord Stream 2 AG, the operator of the Nord Stream gas pipeline, which sought to challenge EU regulations on the separation of gas pipelines.
The decision was published on the website of the European Court of Justice.
As noted, the lawsuit filed by Gazprom's Swiss subsidiary Nord Stream 2 AG concerned the application to it of exceptions to the unbundling of the gas supply system, which apply to gas pipelines whose construction was completed by the time the EU Gas Directive was adopted on May 23, 2019.
The Court explained that Nord Stream 2 AG had invested in its gas pipeline during a period during which it had no guarantee that EU law would not continue to apply to that pipeline. Nord Stream 2 AG could have foreseen that the EU institutions and several Member States would exercise their right to extend internal market rules to gas pipelines from third countries, such as Nord Stream 2.
More on the topic
- Category
- Economics
- Publication date
- Додати до обраного
