The company is based in Zug, Switzerland and owned by Public Joint Stock Company (PJSC) Gazprom. Imposing sanctions on the company and its … The latter is so irate, it’s even trying to disrupt the project by slapping a huge fine on Gazprom PJSC, the Russian parent company of Nord Stream 2 AG… Washington has declined to impose sanctions on Nord Stream 2 AG, a Swiss-based subsidiary of Russia’s Gazprom that’s in charge of the construction of a natural gas pipeline from Russia to Germany. Add to myFT. The state will put up €200,000, while Nord Stream 2 AG, which is wholly owned by Gazprom, has provided €20 million. Early signs are that Biden administration wants to lower temperature of debate on gas pipeline. The company Nord Stream 2 AG and its CEO Matthias Warnig — a former East German intelligence officer and close ally of Russian President Vladimir … On March 19, 2021, U.S. Secretary of State Antony Blinken … The Nord Stream route crosses the Exclusive Economic Zones of Russia, Finland, Sweden, Denmark and Germany, as well as the territorial waters of Russia, Denmark, and Germany. Despite this, Germany continues to insist on the completion of the project. The Biden administration will waive sanctions on Nord Stream 2 AG and its CEO Matthias Warnig who controls the construction of Russia’s Nord Stream 2 pipeline into Germany. Direct Connection Between Russia and the EU. The sanctions on Nord Stream 2 AG have been in place since the previous U.S. administration, with the State Department sending a list of sanctioned entities to Congress every 90 days. Nord Stream 2 AG is a project company established for planning, construction and subsequent operation of the Nord Stream 2 Pipeline. On March 14, 2021, Executive Vice-President for the European Green Deal Frans Timmermans said that Europe did not need the Nord Stream 2 pipeline. “Regarding the pipelay status, we can only refer to figures communicated earlier: as of March 31, a total of 2,339 kilometres [out of 2,460 kilometres] or 95% of the Nord Stream 2 Pipeline had been laid,” a Nord Stream 2 spokesperson told New Europe on May 20. Gazprom also controls Nord Stream 2 AG whose chief executive, Warnig, is reportedly close to Russian President Vladimir Putin. May 19: The U.S. State Department concluded that Nord Stream 2 AG and its CEO, Matthias Warnig, an ally of Russian President Vladimir Putin, engaged in sanctionable activity. 13 Wettengel, “Gas Pipeline Nord Stream 2 Links Germany to Russia, but Splits Europe.” How can this be legal? A bipartisan group of senators has criticised the Biden administration for agreeing to waive sanctions on the company behind Russia's Nord Stream 2 gas pipeline to Germany. Nord Stream 2 AG and its chief executive Matthias Warnig are engaged in sanctionable activity but that the administration will waive penalties for … Germany aims for new deal with Washington on Nord Stream 2. According to the US State Department, penalties against the company and its CEO, Matthias Warnig, would have a negative impact on US relations with Germany, the EU, and other European allies … PJSC Gazprom is the largest supplier of natural gas in the world, accounting for approximately 15 percent of world gas production. Despite this, Germany continues to insist on the completion of the project. Nord Stream 2 AG Add to myFT. MPs expressed concern that the additional sanctions proposed by the U.S. Department of State in a report to Congress on May 19 do not include measures against the key company of the Nord Stream 2 construction, Nord Stream AG. The US State Department has waived sanctions on Nord Stream 2 AG and its German CEO Matthias Warnig, citing concerns for the American national interest. Axios reported that Washington was set to wave sanctions on Nord Stream 2 AG, the company overseeing construction of the pipeline. Such a powerful consortium guarantees the best technology, security and corporate governance. “Nord Stream 2 AG has now decided to ask the arbitral tribunal to determine that the European Union is in breach of its international law commitments under the [treaty] and to make orders requiring the EU to discontinue its breach,” said Sebastian Sass on the company’s behalf, according to comments reported by various news outlets. On March 19, 2021, U.S. Secretary of State Antony Blinken … The Verkhovna Rada of Ukraine is calling on the House of Representatives and the Congress of the United States to impose sanctions against Nord Stream AG, the key participant in the Nord Stream-2 project. On February 6, 2021, Nord Stream 2 AG announced it would continue to lay the pipes under the project. The Department of State report notes that Nord Stream 2 AG and its chief executive, Matthias Warnig, a former East German intelligence officer, engaged in … The US administration has refused to impose sanctions against Nord Stream 2 AG, the operator of Nord Stream 2, and its chief executive, Matthias Warnig, on … On March 14, 2021, Executive Vice-President for the European Green Deal Frans Timmermans said that Europe did not need the Nord Stream 2 pipeline. While Gazprom, the Russian government-owned oil and gas giant that is a majority shareholder in Nord Stream 2 AG, is very much a key supplier for … Add to myFT Digest Wednesday, 19 May, 2021. According to Moscow news agency TASS, Nord Stream 2 AG’s branch director, Andrey Minin, claimed that the last three months have seen a growth in military presence in the area. Nord Stream 2 AG said on May 20 the company does not comment on US sanctions decisions and potential impacts on the project. The Biden administration has waived sanctions penalties for Switzerland-based Nord Stream 2 AG and its CEO, Matthias Warnig, though the State … The successful experience of Nord Stream AG, which constructed and now operates Nord Stream, provides additional guarantees that the Nord Stream 2 project will comply with the highest environmental standards. U.S. decides not to impose sanctions against Nord Stream 2 AG and its CEO UAWire 15:09 20-May-21. Nord Stream 2 is being built with the use of reliable technologies proven in the Nord Stream construction project. Robert Menendez was critical of the decision. On March 14, 2021, Executive Vice-President for the European Green Deal Frans Timmermans said Europe did not need the Nord Stream 2 pipeline. The Russian threat to European governance is not limited to NS2. On February 6, 2021, Nord Stream 2 AG announced it would continue to lay the pipes as part of the project. Add this topic to your myFT Digest for news straight to your inbox. WASHINGTON, May 20. Sen. Jim Inhofe: Nord Stream 2 waiver lets Russia tighten grip on Europe The Washington Times 14:43 20-May-21. A State Department report sent to Congress concluded that Nord Stream 2 AG and its CEO, Matthias Warnig, an ally of Russian President Vladimir Putin, engaged in sanctionable activity. It also said sanctions would be … Add to myFT Digest. Four ships and four entities were blacklisted in a report sent to Congress. Germany should have laws against such foreign-government intrusion. /TASS/. Today, the Department of State submitted a report to Congress pursuant to the Protecting Europe’s Energy Security Act (PEESA), as amended, listing four vessels, five entities, and one individual involved in construction of the Nord Stream 2 pipeline, including Nord Stream 2 AG and the company’s CEO Matthias Warnig. Biden softens sanctions on Putin’s pipeline Atlantic Council 14:47 20-May-21. Biden to … At the same time, Blinken announced that that it was in the United States’ national interest to waive Nord Stream 2 AG, its president and other management staff from application of sanctions. Nord Stream 2 AG exempted from US sanctions Centre for Eastern Studies (OSW) 15:17 20-May-21. This is reported by Axios, citing two sources briefed on the decision. Nord Stream 2 AG. On February 6, 2021, Nord Stream 2 AG announced it would continue to lay the pipes as part of the project. Despite this, Germany continues to insist on the completion of the project. Nord Stream is a joint project involving five major companies: Gazprom international projects LLC (PJSC Gazprom subsidiary), Wintershall Dea GmbH, PEG Infrastruktur AG (PEGI/E.ON subsidiary), N.V. Nederlandse Gasunie and ENGIE. The pipelines were built and are operated by Nord Stream AG. Nord Stream 2 AG and its CEO Matthias Warnig – a former East German secret agent turned investment banker – are engaging in “sanctionable activity” but the US State Department will waive those sanctions, citing national interests, and sanction “a handful of Russian ships” instead – at least according to anonymous sources quoted by Axios on Tuesday. The Biden administration said stopping Nord Stream 2 is a long shot now that the gas pipeline from Russia to Germany is more than 90% complete, a … “I have determined that it is in the national interest of the United States to waive the application of sanctions on Nord Stream 2 AG, its CEO Matthias Warnig, and Nord Stream 2 AG’s corporate officers.” said U.S. Secretary of State Antony Blinken. US Secretary of State Antony Blinken has confirmed that it is in American national interests not to impose sanctions on the Nord Stream 2 operator, Nord Stream 2 AG.

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