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1/19/2021, 5:34 PM (Source: TeleTrader)
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US sanctions Nord Stream 2 vessel, Russian entity

United States Secretary of State Mike Pompeo revealed on Tuesday that Washington imposed sanctions against Russia-based entity KVT-RUS and its pipe-laying vessel Fortuna, both parts of the Nord Stream 2 gas pipeline project, thus confirming yesterday's German media report.

"KVT-RUS is being sanctioned pursuant to Section 232 of the Countering America's Adversaries Through Sanctions Act (CAATSA) for knowingly selling, leasing, or providing to the Russian Federation goods, services, technology, information, or support for the construction of Russian energy export pipelines," Pompeo said in a statement.

The US top diplomat claimed that the finalization of Nord Stream 2 would be "depriving Ukraine of vital revenues and opening it up to further Russian aggressive actions, while providing the means to use natural resources as a tool of political pressure and malign influence against western Europe."

Baha Breaking News (BBN) / MS