Biden Allows Sanctions on Company Behind Pipeline

“The Biden administration is expected to announce on Wednesday that it will allow sanctions to move forward on the company in charge of building Russia’s Nord Stream 2 gas pipeline, after blocking such sanctions last year using a national security waiver,” CNN reports.

“Sanctioning Nord Stream 2’s parent company, Nord Stream 2 AG — a registered Swiss firm whose parent company is the Russian gas giant Gazprom — is effectively a death knell to the project.”

The Hill reports Sen. Ted Cruz (R-TX) has now lifted his hold on Biden’s State Department nominees now that the sanctions are moving forward.