The Nord Stream 2 natural gas pipeline project’s operator, Gazprom, said on Thursday it was assessing a US bill passed by a Senate panel that proposes sanctions on it, but that it was too early to comment on any possible implications.

A US Senate committee passed a bill on Wednesday to slap sanctions on companies and individuals involved in building the Nord Stream 2 gas pipeline from Russia to Germany that the US administration says would strengthen Moscow’s economic grip on Europe, according to Reuters.

Russia has finished laying nearly two thirds of the Nord Stream 2 natural gas pipeline along the bottom of the Baltic Sea, the deputy chairman of Gazprom’s management committee has recently announced. “The completion of the sea part [of Nord Stream 2]is around 60 percent,” Oleg Aksyutin told the Rossiya 24 channel.

The undersea pipeline, designed to deliver Russian natural gas to Germany and further on to other European customers, is set to be finished by the end of the year. The Gazprom official added that the offshore and land sections of the pipeline were connected on the German side last year and a receiving terminal is currently under construction there. On the Russian end, works are underway to complete the land and sea sections, according to Russia Today.