; or (2) engages in a significant transaction with the Nord Stream 2 pipeline. (d) Conditions; delayed application (1) Conditions The President shall impose sanctions with respect to persons described in subsection (c)(1) only if the President determines that— (A) average Russian gas flows through Ukraine to Europe over a period of 12 consecutive months beginning after the date of the enactment of this Act are less than 75 percent of the average annual Russian gas flows through Europe via Ukraine during the three-year period ending on the date of the enactment of this Act; (B) Ukraine maintained a reasonable standard of operation of gas pipelines during such 12-month period; (C) Ukraine has not raised transit fees by more than five percent in such 12-month period