Sec. 2. Imposition of sanctions with respect to Nord Stream 2
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It is the sense of Congress that the United States— should stand by its allies in Europe in combating Russian influence and energy coercion; opposes the Nord Stream 2 pipeline because of its detrimental impacts on— the energy security of the European Union; the ability of the European Union to meet its renewable energy goals; and energy reforms in Ukraine; has a vested interest in the security, economic stability, and political security of Ukraine, and that reducing gas transfers through Ukraine by means of the Nord Stream 2 pipeline would risk destabilizing that country; and notwithstanding its opposition to the Nord Stream 2 pipeline, recognizes the European Union’s proper and fundamental need to secure diverse, reliable energy sources, for which the purchase of Russian gas may be an unavoidable component.
Subject to subsection (d), the President shall impose five or more sanctions described in section 235 of the Countering America’s Adversaries Through Sanctions Act ( 22 U.S.C. 9529 ) with respect to each person described in subsection (c). The persons described in this subsection are each person the President determines— operates the Nord Stream 2 pipeline or sells Russian gas to Europe through the Nord Stream 2 pipeline; or engages in a significant transaction with the Nord Stream 2 pipeline.
The President shall impose sanctions with respect to persons described in subsection (c)(1) only if the President determines that— average Russian gas flows through Ukraine to Europe over a period of 12 consecutive months beginning after the date of the enactment of this Act are less than 75 percent of the average annual Russian gas flows through Europe via Ukraine during the three-year period ending on the date of the enactment of this Act; Ukraine maintained a reasonable standard of operation of gas pipelines during such 12-month period;
Ukraine has not raised transit fees by more than five percent in such 12-month period; and there is no other good cause justifying for the reduction of gas flows through Ukraine during such 12-month period. The President may not impose sanctions with respect to a person described in subsection (c)(2) before the date that is 180 days after the President imposes sanctions with respect to any person described in subsection (c)(1).
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Sec. 2
Imposition of sanctions with respect to Nord Stream 2
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