Biden imposes US sanctions on Nord Stream 2 AG
President Joe Biden announced additional sanctions on Wednesday impacting Nord Stream 2 AG, the company in charge of building Nord Stream 2, the massive natural gas pipeline connecting Russia to Germany's Baltic coast.
"Yesterday, after further close consultations between our two governments, Germany announced that it would halt certification of the pipeline. Today, I have directed my administration to impose sanctions on Nord Stream 2 AG and its corporate officers," Biden said in a statement.
Biden said he had directed his administration to sanction Nord Stream 2 AG, as well as the firm's corporate officers.
The Biden administration had held off sanctioning the company, holding the threat of sanctions as leverage.
The president said this move was part of the "initial tranche of sanctions" that he first announced and began to roll out on Tuesday.
-ABC News' Ben Gittleson





