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5/18, 8:15 PM (Source: TeleTrader)
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Biden to refrain from sanctioning Nord Stream 2 - report

United States President Joe Biden will waive sanctions on Nord Stream 2, the company behind the construction of the eponymous pipeline, two sources familiar with the matter told Axios on Tuesday.

The sources said Biden is not willing to compromise Washington's relations with Germany, which maintains its support for the project. Despite that, the State Department will still acknowledge the company and its Chief Executive Officer (CEO) Matthias Warnig are "engaged in sanctionable activity."

Earlier this month, during the Group of Seven's (G7) in London, US Secretary of State Antony Blinken voiced Washington's opposition to the construction in his conversation with German Foreign Minister Heiko Maas.

Breaking the News / JR