(CNN)President Joe Biden on Tuesday stood by his decision not to sanction the company in charge of building Russia’s Nord Stream 2 gas pipeline, characterizing the move as protecting relationships with European allies.
“I have been opposed to Nord Stream 2 from the beginning,” Biden said Tuesday of the pipeline, which is expected to be finished this summer and is intended to provide Europe with a sustainable gas supply while giving Russia more direct access to the European market.
“But it was almost completed by the time I took office,” Biden added. “And to go ahead and impose sanctions now would I think be counterproductive in terms of our European relations and I hope we can work on how they handle it from this point on.”
CNN reported earlier this month that the administration opted to sanction some of the smaller entities involved in the Nord Stream 2 project, including some Russian companies and ships that have been helping in the construction. But the administration ultimately decided to issue a national security waiver for the major company involved in the construction of the pipeline –
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