Biden Allowing Sanctions to Move Against Nord Stream 2 Pipeline Builder

The pipeline is completed but had not yet begun operating

NBCUniversal Media, LLC

President Joe Biden is allowing sanctions to move forward against the company that built the Russia-to-Germany Nord Stream 2 gas pipeline and against the company’s CEO for its actions against Ukraine.

Biden said Wednesday “I have directed my administration to impose sanctions on Nord Stream 2 AG and its corporate officers. These steps are another piece of our initial tranche of sanctions in response to Russia’s actions in Ukraine. As I have made clear, we will not hesitate to take further steps if Russia continues to escalate.”

Germany said Tuesday that it was indefinitely suspending the project, after Biden charged that Russia President Vladimir Putin had launched “the beginning of a Russian invasion of Ukraine” by sending troops into two separatist regions of eastern Ukraine.

The pipeline is completed but had not yet begun operating. Critics, including the U.S., have said the pipeline is a geopolitical move that will only increase Europe's dependency on Russian natural gas.

This is a live update. Click here for complete coverage of the crisis in Ukraine

Contact Us