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Senators to Back Expanding Nord Stream 2 Sanctions to Insurers

  • Russia is seeking to complete work on gas pipeline to Germany
  • GOP’s Cruz says pipeline is ‘critical threat’ to U.S. security
Nord Stream 2's Onshore European Gas Pipeline Link
Photographer: Krisztian Bocsi/Bloomberg
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A bipartisan group of senators is planning to introduce legislation that would expand U.S. sanctions against Gazprom PJSC’s Nord Stream 2 pipeline between Russia and Germany by taking aim at insurance companies that work with Russian vessels on completion of the project.

Senator Ted Cruz, one of the lead sponsors of the legislation, said the pipeline poses “a critical threat to America’s national security and must not be completed.” Russian President Vladimir Putin is trying to circumvent the sanctions passed by Congress last year, Cruz said in a statement.