Overview
Dave Stetson, Nicholas Turner, Ed Krauland, Meredith Rathbone, Wendy Wysong and Peter Jeydel authored an article titled "A Pipeline Runs Through It: US Government Strikes Delicate Balance on Nord Stream 2" for FISC, the sanctions compliance journal for financial institutions, their advisors and customers. The article discusses several developments that suggest that the United States is attempting to strike a balance between formally opposing the Nord Stream 2 project and cooperating with major allies who favor the pipeline's completion, such as Germany. For example, the authors review the August 2021 executive order ('EO') entitled 'Blocking Property with Respect to Certain Russian Energy Export Pipelines' and suggest there is less than meets the eye when it comes to the new order.
The full article may be read here, or on Steptoe's International Compliance Blog.
