Trade and Manufacturing Monitor
News and insight from our international trade practice group
U.S. Imposes Sanctions on Nord Stream 2 AG
Today, President Biden announced new U.S. sanctions on Nord Stream 2 AG and its corporate officers, including its German CEO, Matthias Warnig. Nord Stream 2 AG is a Swiss company owned by Gazprom, the Russian gas…
U.S. Warns that Nord Stream 2 and second line of TurkStream are now in scope for U.S. secondary sanctions
Today the U.S. State Department published updated guidance indicating that significant transactions related to Nord Stream 2 and the second line of TukStream may be subject to U.S. secondary sanctions penalties under…