US waives sanctions against Nord Stream 2 pipeline company & its German CEO as Blinken & Lavrov meet in Iceland

The US State Department

The US State Department has waived sanctions on Nord Stream 2 AG and its German CEO Matthias Warnig, citing concerns for the American national interest. Four ships and four entities were blacklisted in a report sent to Congress.

Imposing sanctions on the company and its CEO under the Protecting Europe’s Energy Security Act (PEESA) would “negatively impact US relations with Germany, the EU and other European allies and partners,” the State Department said on Wednesday.

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