OFAC updates Nord Stream 2 listings

OFAC has amended the designation of Russia-based entity KVT-RUS and its vessel FORTUNA to reflect their additional listings under the Protecting Europe’s Energy Security Act (PEESA), which was enacted in the NDAA 2020 and expanded thereafter (see post and post). In January 2021, the company and vessel were added to the SDN list under section 232 of CAATSA (see post). …

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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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