U.S. open talks with Germany on future of Nord Stream 2 - report

U.S. open talks with Germany on future of Nord Stream 2 - report

The Biden administration is reviewing U.S. policy toward the Nord Stream 2 pipeline, under new pressure after construction on the $11 billion project resumed this month, according to people with knowledge of the deliberations, The Wall Street Journal reported.

The Biden administration has opened talks with Berlin on the future of the pipeline, including "threats of sanctions against companies involved in the construction of Nord Stream 2," a German official said.

The administration on Tuesday faces a deadline to report a list of companies it deems in violation of the U.S. laws aimed at halting the Nord Stream 2 pipeline. Those companies would be potential targets for U.S. sanctions. The Biden administration could also waive the application of sanctions under a national-interest clause, placating Germany, a critical European ally, handing Russia a geopolitical victory, and crossing a bipartisan coalition in Congress.

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