US expands CAATSA sanctions to include Nord Stream 2 activities

The US State Department has revised its guidance to expand the implementation of section 232 of Countering America’s Adversaries Through Sanctions Act (CAATSA) to include investments or other activities related to Nord Stream 2 and the second line of TurkStream. The media note makes clear that those at risk of sanctions include financing partners, pipe-laying vessels, and engineering service providers. …

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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