Biden moves ahead with sanctions on company behind Nord Stream pipeline

  • 📰 CNN Philippines
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

US President Joe Biden said Wednesday he was moving ahead with sanctions on the company in charge of building Russia's Nord Stream 2 gas pipeline after blocking such measures last year using a national security waiver.

"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.

"According to the information at my disposal, Putin is moving additional forces and tanks into the occupied Donbas territories," Latvian Prime Minister Arturs Krišjānis Kariņš told CNN's Jim Sciutto on Wednesday."By any definition, that's a crossing of a sovereign territory into a neighboring country."

But now that Germany, after intensive diplomacy with the US, has agreed to halt the pipeline's certification indefinitely, the US feels freer to allow the congressionally-mandated sanctions to move forward. Essentially, the administration wanted Germany to decide on its own to halt the pipeline before moving forward with more punishing sanctions on the project, the official explained.

Singh, speaking on CNN, did not specify timing. But he pointed to the types of sanctions the US might pursue, including export controls"at any moment."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines