Companies involving in building the Nord Stream 2 link can now be targeted

The United States has tightened sanctions on the pipeline, designed and led by Russia’s Gazprom

"Nord Stream 2 does not share the procedural arguments of the court and maintains that the amendment of the Gas Directive constitutes an unlawful discrimination," a spokesman for Nord Stream 2 told

Total sanctioning value will end up at around $47 billion, an amount that would be even lower if not for recent developments in Norway and Russia.

The changes to the CAATSA guidance is the latest move by the US to put pressure on companies involved in building both Nord Stream 2 and the TurkStream extension in Bulgaria and Serbia into Hungary.

Iran signed an agreement on exports of electricity to neighboring Iraq, covering 2020 and 2021.

The US in May extended Iraq's sanctions waiver for 120 days to import Iranian electricity,

The desperately needed shipments have caused a diplomatic standoff between the United States and Iran and Venezuela, which are under U.S. sanctions.

Iraq is heavily reliant on Iran to maintain its power supply, and even then it has significant blackouts that are exacerbated by the summer heat.

Economic sanctions should be lifted to prevent hunger crises in countries hit by COVID-19 – UN rights expert

nine Republican senators asked the Department of Commerce to launch an anti-dumping case against Saudi Arabia following its price war with Russia.

The US sanctioned five UAE companies

Rosneft Trading and TNK Trading handled a "large percentage" of Venezuela's oil exports in 2019

TNK Trading International SA is scheduled to load 14.3 million barrels of Venezuelan crude in the first two months of 2020, compared with 5 million in all of 2019, according to shipping reports compiled by Bloomberg. That may offset any lost oil revenue for the Maduro administration, underscoring the difficulty of shutting Venezuela’s access to the global market.

The US on Tuesday imposed sanctions on Rosneft Trading SA, the Geneva-based subsidiary of the Russian state oil company, for supporting Venezuela's oil sector by continuing to trade with sanctions-hit PDVSA