New US sanctions on Nord Stream 2

US President Joe Biden announced on Wednesday the imposition of new sanctions against the company that has undertaken the construction of the Nord Stream 2 gas pipeline. This is the company Nord Stream 2 AG, which is a subsidiary of the Russian energy giant Gazprom.

Earlier this week, German Chancellor Olaf Solz, following Russia’s recognition of the independence of Ukraine’s two breakaway regions of Donetsk and Luhansk, announced that the Nord Stream 2 pipeline, which was to carry natural gas, was “frozen”. from Russia to Germany.

“Today, I instructed my government to impose sanctions on Nord Stream 2 AG and its corporate executives. These steps are part of our initial round of sanctions in response to Russia’s actions in Ukraine,” Biden was quoted as saying. White House announcement.

“By his actions, President Putin has given the world an overwhelming incentive to move away from Russian gas and switch to other forms of energy,” Biden added.

The White House said the sanctions would not affect Gerhard Schroeder, a former German chancellor and close friend of Putin, who has chaired Nord Stream’s shareholder committee since 2005.

Source: Capital

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