You are here: Home » International » News » Politics
Business Standard

Nord Stream 2: US announces more sanctions over Russian gas pipeline

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

Topics
United States | Russia | Gas pipeline

AP  |  Washington 

Nord stream 2
Photo: Bloomberg

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

The U.S. 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 in Europe.

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

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

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

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.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, November 23 2021. 06:35 IST
RECOMMENDED FOR YOU
.