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US waives sanctions on Nord Stream 2 firm and chief executive

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DPA

The United States is waiving sanctions on the company overseeing construction of the controversial Nord Stream 2 gas pipeline. The State Department sent a report to Congress on Wednesday stating that waiving punitive measures against Swiss-based Nord Stream 2 AG and its German chief executive Matthias Warnig as well as four of the company’s corporate officers were important for US “national interests.” The report, obtained by dpa, said the reason for the waiver was that sanctions would “negatively impact U.S. relations with Germany, the EU and other European allies and partners.” While the com…

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