President Joe Biden announced that he would carry out his plan to sanction the company that is building the Nord Stream 2 pipeline, which is a 764-mile-long natural gas pipeline that runs beneath the Baltic Sea between Russia and Germany.

The decision followed Russia’s aggressive action of moving in troops into two breakaway Ukrainian regions after recognizing them as “independent.”

“Today, 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,” Biden wrote in a statement.

“Through his actions, President [Vladimir] Putin has provided the world with an overwhelming incentive to move away from Russian gas and to other forms of energy,” Biden added.

Subscribe to our free weekly newsletter!

A week of political news in your in-box.
We find the news you need to know, so you don't have to.

Germany halted the certification of the pipeline project with Russia on Tuesday. An official for the project said that sanctioning the company, whose parent company is under prominent Russian gas company, Gazprom, will most likely end the project.

Previously, the U.S. held back on sanctioning the project in deference to Germany, but since they stopped the certification, the Biden administration will move ahead.

Read more about:

Get the free uPolitics mobile app for the latest political news and videos

iPhone Android

Leave a comment