Expanding Russian Sanctions and Reinstating Nord Stream 2 Penalties
This act aims to strengthen existing sanctions against Russia, specifically targeting the Nord Stream 2 gas pipeline project. It means that companies and individuals involved in this project may again face restrictions, impacting international economic relations and energy security. For citizens, though indirectly, this could influence energy prices and foreign policy.
Key points
Reinstatement of sanctions on Nord Stream 2 AG and its corporate officers that were previously waived.
Expansion of the scope of sanctionable activities to include transactions with already sanctioned foreign persons.
Sanctions can only be waived through an Act of Congress, not by administrative decision.
Status:
Expired
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