This article is part of an ongoing series of dispatches by historian Eric Zuesse
The United States had previously legally enforced the implementing provisions of the Countering America's Adversaries Through Sanctions Act ( CAATSA ) [which started] on July 15. The companies and their banks are threatened if they continue to participate in the pipeline’s construction. The sanctions include complete exclusion from the US market and entry bans for employees. At a press conference in Washington, US Secretary of State Mike Pompeo summarized the aim of the measure for the companies concerned as follows: "Get out now or bear the consequences.” …When asked by WELT AM SONNTAG, the German energy company Uniper "regretted that with the announced revision of the CAATSA guidelines, the US is still trying to undermine an important infrastructure project that we believe is important for Europe's energy security.” “A clear encroachment on European sovereignty”. …For the parliamentary director of the CDU/CSU group in the European Parliament, Markus Pieper (CDU), the American threat of sanctions is “a clear violation of everything we understand by commercial law”. Pieper criticized the recent expansion of the CAATSA sanctions law of 2017 “German companies are now on par with Iran”. “The fun is slowly coming to an end.” Germany and Europe “urgently need to develop a counter-strategy”.
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