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Reuters

Business

Biden says U.S. to impose sanctions on company building Russia's Nord Stream 2 pipeline

United States Russia Joe Biden Nord Stream 2 AG Nord Stream 2 gas

FILE PHOTO: U.S. President Joe Biden provides an update on Russia and Ukraine during remarks in the East Room of the White House in Washington, U.S., February 22, 2022. REUTERS/Kevin Lamarque

U.S. President Joe Biden said on Wednesday his administration will impose sanctions on Nord Stream 2 AG, the company in charge of building Russia's Nord Stream 2 gas pipeline.

"Today, I have directed my administration to impose sanctions on Nord Stream 2 AG and its corporate officers," Biden said in a statement released by the White House.

(Reporting by Kanishka Singh in Bengaluru; Editing by Chris Reese)

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