The United States will impose sanctions on the company that builds Nord Stream 2

The Joe Biden administration announced on Wednesday Sanctions against the company responsible for the construction of the Russian gas pipeline Nord Stream 2.

this work Part of the US sanctions against Russia For the recognition of the independence of two republics of eastern Ukraine by the President Russian President Vladimir Putin.

“Since Russia began deploying forces to the border with Ukraine, the United States has worked closely with our allies and partners to ensure a strong and united response.

As I said when I met Chancellor Schulz earlier this month, Germany has been at the forefront of these efforts and we have closely coordinated our efforts to stop the Nord Stream 2 pipeline if Russia continues to invade Ukraine,” President Biden wrote in a statement.

“Yesterday, after more close consultations between our two governments, Germany announced that it would suspend certification of the pipeline. Today I asked my administration to sanction Nord Stream 2 AG and its representativesWe read a press release from the White House

He added that this was another component of the first batch of sanctions in response to Russia’s actions in Ukraine.

“As I explained, We will not hesitate to take further steps if Russia continues to escalate. Through his actions, President Putin has given the world an overwhelming incentive to move away from Russian gas. I would like to thank Chancellor Schultz for his close partnership and continued commitment to holding Russia accountable for its actions.”

Nord Stream 2 AG It’s registered The Swiss company, and its parent company, the Russian gas giant Gazprom. The gas pipeline project was intended to double the direct flow of Russian gas to Germany.

The White House said on Tuesday that Nord Stream 2 construction is “not progressing at the moment” after steps taken by Germany to halt a gas pipeline project in the Baltic Sea.

Gazprom owns the entire pipeline, but covers half of the costs, and the rest is shared by Shell, Austria’s OMV, French Engie, Germany’s Uniper and Wintershall DEA.

The most partitioned energy project in Europe worth 11 billion dollarsIt was completed in September but is still awaiting ratification by Germany and the European Union.