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US waives sanctions on Nord Stream 2, builder of Russia-Germany pipeline

Posted by ipso facto @ 9:12 on May 20, 2021  

US President Joe Biden’s administration on Wednesday waived sanctions against Nord Stream 2, the Russian-controlled builder of a Russia-Germany gas pipeline, which Washington has called a geopolitical security risk.

Secretary of State Antony Blinken said in a letter to Congress that waiving the original sanctions mandated by Congress for Swiss-based Nord Stream 2 AG, and its chief executive Matthias Warnig, “is in the national interests of the United States.”

The move defused rising tensions between Washington and Berlin over the project, which Germany and other European countries see as crucial to securing long-term energy supplies to the region.

https://news.yahoo.com/us-waives-sanctions-nord-stream-205022177.html

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.