The Biden administration will waive sanctions on Nord Stream 2 AG and its CEO Matthias Warnig who controls the construction of Russia’s Nord Stream 2 pipeline into Germany. This is reported by Axios, citing two sources briefed on the decision.
The State Department will imminently send its mandatory 90-day report to Congress listing entities involved in Nord Stream 2 that deserve sanctions. The State Department also plans to call for sanctions against a handful of Russian ships.
The State Department will also acknowledge that the corporate entity in charge of the project (Nord Stream 2 AG) and its CEO (Putin crony and former East German intelligence officer Matthias Warnig) are engaged in sanctionable activities. However, the State Department will waive the applications of those sanctions, citing U.S. national interests.
This planned move also sets up a bizarre situation in which the Biden administration will be sanctioning ships involved in the building of Nord Stream 2 but refusing to sanction the actual company in charge of the project.
Sources close to the situation say that top Biden officials have determined that the only way to potentially stop the project — which is 95% complete — is to sanction the German end users of the gas. And the Biden administration is not willing to rupture its relationship with Germany over Nord Stream 2.
As we reported earlier, the Federal Maritime and Hydrographic Agency of Germany permitted to continue the construction of the Nord Stream 2 gas pipeline in the exclusive economic zone in Germany after the temporary stop of works.
The agency explained that the pipe routing in 2km-area will not harm the environmental protection of the Bay of Pomerania.