SAWT BEIRUT INTERNATIONAL

| 28 January 2023, Saturday |

U.S. issues Nord Stream 2 related sanctions on Russians, Blinken announces

In a statement released on Friday, US Secretary of State Antony Blinken announced penalties against one Russian vessel and two Russian people engaged in the Nord Stream 2 gas project.

The decision comes after US President Joe Biden signed an executive order on Friday authorizing the imposition of sanctions on certain Russian energy export pipelines.

The $11 billion pipeline project, which would double Nord Stream’s capacity to ship Russian Arctic natural gas to Germany, is almost complete with only 9 miles (15 km) left to construct, Russian President Vladimir Putin said on Friday.

Biden has opposed the pipeline, like the previous two U.S. presidents, because it would avoid Ukraine, likely depriving it of lucrative gas transit fees and potentially undermining its struggle against Russian aggression.

But in May the U.S. State Department waived other sanctions on Nord Stream 2 AG, the company behind the project, and its chief executive, Matthias Warning, a Putin ally.

    Source:
  • Reuters