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Global Trade & Sanctions LawPublished on:
House and Senate NDAA Bills Expand U.S. Sanctions on Nord Stream 2 Pipeline Construction while State Department Expands CAATSA Section 232 Guidance on Export Energy Pipelines
On July 23, 2020, the U.S. Senate passed its version of the National Defense Authorization Act for fiscal year 2021 (NDAA) which includes an amendment that expands sanctions in connection with the Nord Stream 2 and TurkStream pipeline projects. The amendment is based on a bill previously introduced by Senators Ted Cruz (R-TX) and Jeanne Shaheen (D-NH) entitled, the “Protecting Europe’s Energy Security Clarification Act of 2020”, which sought to clarify and expand existing U.S. sanctions under the Protecting Europe’s Energy Security Act of 2019.
