US announces more sanctions over Russian gas pipeline

PTI Washington | Updated on November 23, 2021

Russian-controlled gas giant Gazprom owns Nord Stream 2 with investment from several European companies

The State Department sought Monday to keep up pressure on Russia over that country's US-opposed Nord Stream 2 pipeline, sanctioning what the US said was a Russia-linked company and ship working on the project.

The US has unsuccessfully tried to slow or stop the construction of Nord Stream 2, which would carry Russian gas to Germany, fearing the added leverage that the energy project will give Russia in Europe.

Russian-controlled gas giant Gazprom owns the pipeline with investment from several European companies. The US reached a deal with Germany, a key NATO ally, last summer to allow the pipeline’s completion without imposing US sanctions on German interests involved in the project.

US tells European companies they face sanctions risk on Nord Stream 2 pipeline

Monday’s move targets a business, Transadria Limited, and one of its vessels that had worked on Nord Stream.

Soaring energy prices

Secretary of State Antony Blinken said in a statement the Biden administration has now sanctioned eight people and 17 vessels linked to the pipeline.

US seeks balance as fears grow Russia may invade Ukraine

Russian President Vladimir Putin has said the country could quickly boost natural gas supplies to the European Union once German regulators allow the new pipeline to start operation. Energy prices have soared in Europe, which imports much of its natural gas from Russia, and led to pain for businesses and households.

Published on November 23, 2021

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