President Biden announced that he will be imposing sanctions on the owner of the Nord Stream 2 pipeline connecting Russia and Germany, in response to Russian actions in Ukraine.
The move reverses a May 2021 decision to waive sanctions on the project, which was heavily criticized by Republicans. The sanctions will affect Nord Stream 2 AG and its CEO Matthis Warnig.
In a statement issued from the White House Wednesday afternoon, Biden referenced Germany’s recent announcement that it would halt the pipeline’s certification and thanked Chancellor Olaf Scholz for his cooperation in "holding Russia accountable" for its aggression.
Nord Stream 2 is a 764-mile-long natural gas pipeline under the Baltic Sea, running from Russia to Germany's Baltic coast.
Biden announces sanctions against Nord Stream 2 owner, reversing 2021 decision
- by: Ronn Blitzer
- 2022-02-23
- Source:
Fox Business
- 02/23/2022
President Joe Biden by The White House is licensed under flickr U.S. Government Work
President Joe Biden by The White House is licensed under flickr U.S. Government Work
Recent Articles
04.25
2024
BY Dorothy Li, Frank Fang
