Nord Stream 2 sanctions would be ‘counter-productive’ for European ties – Biden

U.S. President Joe Biden on Tuesday said he decided to waive sanctions against the company behind the Nord Stream 2 gas pipeline because the project was nearly complete, and doing so could have harmed ties with Europe. Biden, who is preparing for his first visit to Europe and his first meeting with Russian President Vladimir Putin next month, told reporters he had opposed the new pipeline since its inception, but held off on sanctions because it was “almost completely finished” by the time he took office in January.

Asked why he was letting Germany and Russia complete the project, Biden said, “Because it’s almost completely finished, number one … and it’s not like I can allow Germany to do something or not … To go ahead and impose sanctions now would, I think, be counter-productive in terms of our European relations.”

Biden, keen to build a united front against both Russia and China, has moved quickly to repair ties with Germany and other key European allies that were badly frayed during the administration of former President Donald Trump. The State Department last week said Nord Stream 2 AG – the German company behind the Russian gas pipeline to Germany – and its CEO, Matthias Warnig, an ally of Putin, engaged in sanctionable activity, but waived those sanctions for what it called national security reasons.

Nord Stream 2 sanctions would be ‘counter-productive’ for European ties – Biden, Reuters, May 26