President Biden announced that he will be imposing sanctions on the Nord Stream 2 pipeline connecting Russia and Germany, in response to Russian actions in Ukraine.
The move reverses a May 2021 decision to waive sanctions on the project, which was heavily criticized by Republicans. The sanctions will affect Nord Stream 2 AG and its CEO Matthis Warnig.
FILE - Matthias Warnig, chief executive officer of Nord Stream 2 AG, attends a meeting with Russia's President Vladimir Putin and Kazakhstan's President Nursultan Nazarbayev in Sochi, Russia, Oct. 12, 2017.
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