US President Joe Biden has formally announced new sanctions on Nord Stream 2 AG, a Swiss registered company whose parent company is Russian gas giant Gazprom, and its corporate directors.
“These steps are another part of our initial installment of sanctions in response to Russia’s actions in Ukraine. As I made clear, we will not hesitate to take further steps if Russia continues to escalate,” the president wrote in a statement.
Biden also applauded Germany’s decision on Tuesday to stop certifying the pipeline, writing: “Through his actions, President Putin has provided the world with an overwhelming incentive to move away from Russian gas and other forms of energy. . I want to thank Chancellor Scholz for his close partnership and continued dedication to holding Russia accountable for its actions.”
Earlier this Wednesday, the CNN said the Biden administration was expected to announce that it would allow sanctions to advance against the company in charge of building Russia’s Nord Stream 2 gas pipeline, after blocking such sanctions last year using a national security waiver.
understand the conflict
After months of military escalation and intemperance on the Ukrainian border, Russia is increasing pressure on its former Soviet neighbor, threatening to destabilize Europe and involve the United States.
Russia has been tightening its military grip around Ukraine for the past year, amassing tens of thousands of troops, equipment and artillery at the country’s gates. The mobilization prompted warnings from US intelligence officials that a Russian invasion could be imminent.
In recent weeks, diplomatic efforts to defuse tensions have not come to a conclusion. The independence of Donetsk and Luhansk, two Ukrainian separatist areas, was recognized by Russian President Vladimir Putin on Monday (21).
The escalation in the years-long conflict between Russia and Ukraine has set off the continent’s biggest security crisis since the Cold War, raising the specter of a dangerous confrontation between Western powers and Moscow.
(From Sarah Marsh and Madeline Chambers of Reuters and Eliza Mackintosh,
Source: CNN Brasil
I’m James Harper, a highly experienced and accomplished news writer for World Stock Market. I have been writing in the Politics section of the website for over five years, providing readers with up-to-date and insightful information about current events in politics. My work is widely read and respected by many industry professionals as well as laymen.
