Nord Stream 2 AG v European Union, Procedural order no 7, PCA Case No 2020-07, IIC 1821 (2022), 16th March 2022, Permanent Court of Arbitration [PCA]

1. On 30 July 2020, the Tribunal issued Procedural Order No. 6 establishing a revised procedural calendar for the proceedings. 2. By e-mail of 1 March 2022, the Claimant informed the Tribunal as follows: The designation of Nord Stream 2 AG as a US Specially Designated National (SDN) on 23 February 2022 and recent geopolitical developments have led to an inability on the part of the Claimant to pursue the arbitration at this time. In particular, the Claimant’s bank accounts have been blocked, meaning NSP2AG is unable to make any payments or access finance. 3. The...