U.S. Sanctions on Nord Stream 2 and TurkStream Pipeline Projects (NDAA 2020)

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Thursday, January 2, 2020
Author: 
Hdeel Abdelhady
Volume: 
36
Issue: 
1
Abstract: 

On December 20, 2019, President Trump signed the National Defense Authorization Act for Fiscal Year 2020 (NDAA) into law. Title 75 of the NDAA contains the “Protecting Europe’s Energy Security Act of 2019,” (“PEESA” or the “Act”) which authorizes the President to impose sanctions on foreign persons who knowingly sell, lease, or provide vessels for the construction of the Nord Stream 2 or TurkStream pipeline projects, or any successor to either project. The policies advanced by PEESA are consistent with prior U.S. policy and legislation, particularly the Countering America’s Adversaries Through Sanctions Act of August 2017. This MassPoint publication discusses PEESA’s policies, sanctions mechanics, the relationship between PEESA and CAATSA, and key takeaways.