US President Joe Biden announced today that his government will impose sanctions on Nord Stream 2 AG, the company responsible for the construction of the Russian Nord Stream 2 gas pipeline.
An announcement issued by the White House states the following:
“Ever since Russia began deploying troops on the Ukrainian border, the United States has worked closely with our allies and partners to provide a strong and united response. As I stated when I met with Chancellor Soltz earlier this month, Germany was at the forefront of this process and we jointly coordinated our efforts to stop the Nord Stream 2 pipeline if Russia further invaded Ukraine.
Yesterday, after new consultations between our governments, Germany announced that it was suspending the certification of the pipeline. Today I called on my government to impose sanctions on Nord Stream 2 AG and its executives. These moves are part of the initial package of sanctions for Russian actions in Ukraine. As I have made clear, we will not hesitate to make further moves if Russia continues to escalate.
By his actions, President Putin has given the world a huge incentive to stay away from Russian gas and turn to other energy sources. “I want to thank Chancellor Soltz for his close cooperation and his continued commitment to holding Russia accountable for its actions.”
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