Ruscism = Russian fascism
- Apr 18, 2013
- Reaction score
- Political Leaning
White House imposes sanctions on Nord Stream 2 pipeline company and CEO
President Joe Biden is expected to announce the sanctions as soon as Wednesday against the company Nord Stream 2 AG and its German chief executive officer.
Matthias Warnig of Germany, chief executive officer of Nord Stream 2 AG.
The Biden administration will allow sanctions on the Russian company that built the controversial Nord Stream 2 natural gas pipeline from Russia to Germany, two sources said Wednesday, a day after Germany blocked the pipeline’s certification because of Russia’s invasion of Ukraine. President Joe Biden is expected to announce the sanctions as soon as Wednesday against the company Nord Stream 2 AG and its German chief executive officer, Matthias Warnig, two sources briefed on the matter said. The move would reverse Biden’s decision last year to waive sanctions against the company and its head. The $11 billion pipeline, which would double Russian gas deliveries to Germany, was awaiting a permit to start operations. German Chancellor Olaf Scholz earlier has said that his government would suspend approval for the pipeline given Russia’s incursions into Ukraine. A Nord Stream 2 AG spokesperson did not immediately reply to an email seeking comment. A White House spokesperson declined to comment. Deputy National Economic Council Director Daleep Singh said on Tuesday the White House had coordinated with Germany’s government and that Nord Stream 2 “will not become operational.”
Thanks to Putin, Nord Stream-2 is done for the forseeable future.