Biden Weighing New Sanctions to Block Russian Gas Pipeline
- U.S. considers penalties for parent company Nord Stream 2 AG
- Congress pressuring administration to take stronger action
Gazprom’s Slavyanskaya compressor station, the starting point of the Nord Stream 2 gas pipeline, in Ust-Luga, Russia.
Photographer: Andrey Rudakov/BloombergThe Biden administration is weighing additional sanctions to block construction of the nearly completed Nord Stream 2 pipeline from Russia to Germany, potentially including the project’s parent company Nord Stream 2 AG, according to three people familiar with the matter.
The sanctions could come in the form of an interim report that may also single out an insurance company that has been working with the vessels laying the pipeline in the Baltic Sea as well as other companies providing support vessels and materials to the project, according to the people, who asked not to be identified because of the sensitive nature of the deliberations.