OMVJF - Biden to waive sanctions on firm in charge of Nord Stream 2 - Axios

The U.S. will waive sanctions on the corporate entity and CEO overseeing the construction of the Nord Stream 2 pipeline, which would indicate that the Biden administration is not willing to rupture its relationship with Germany over the pipeline, Axios reports.The State Department soon will send its mandatory 90-day report to Congress listing entities involved in Nord Stream 2 that deserve sanctions, but it will call for sanctions only against a handful of Russian ships, according to the report.The Gazprom-led (OGZPY) project includes western partners Royal Dutch Shell ([[RDS.A]], [[RDS.B]]), BASF's (BASFY) Wintershall, Uniper (UNPPY), OMV (OMVJF) and Engie (ENGIY).The pipeline could be finished by late summer without a major intervention to stop it; Germany's federal maritime regulator just issued a ruling allowing work on the project to proceed in German waters.

For further details see:

Biden to waive sanctions on firm in charge of Nord Stream 2 - Axios