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U.S. Calls Effort to Halt Nord Stream 2 Pipeline a Long Shot

  • State Department waives sanctions on builder, executive
  • Nearly-complete pipeline would send Russian gas to Germany
Bloomberg business news
WATCH: The Biden administration says stopping the Nord Stream 2 project is a “long shot” now as the gas pipeline from Russia to Germany is 90% complete. (Source: Bloomberg)
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The Biden administration said stopping Nord Stream 2 is a long shot now that the gas pipeline from Russia to Germany is more than 90% complete, a shift in tone that came as the U.S. held off on sanctioning the company overseeing its construction.

In a report to Congress on Wednesday, the State Department said that Nord Stream 2 AG and its chief executive Matthias Warnig are engaged in sanctionable activity under U.S. law but that the administration will waive penalties for national security reasons.