BERLIN (AP) — Germany’s foreign minister on Wednesday welcomed the Biden administration’s decision to waive sanctions against entities and individuals involved in a controversial Russian pipeline, describing the move as “constructive.”
The United States has long opposed the project, which brings natural gas from Russia to Germany. They have argued that it threatens European energy security and hurts allies such as Poland and Ukraine because it bypasses their territory.
American news site Axios reported Tuesday that the U.S. State Department’s latest regular report to Congress will list sanctions for several Russian ships but not the company running the project, Nord Stream 2 AG, or its chief executive.
“We perceive this to be a constructive step,” German Foreign Minister Heiko Maas told reporters in Berlin.
Maas said Germany would discuss with Washington what further steps are necessary to ensure that the waiver remains in place when the next report is due in three months.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.