Sanction of NS2AG, Matthias Warnig and the corporate officers of NS2AG

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The United States welcomes Germany’s decision to take administrative action to halt the Nord Stream 2 certification process, which will prevent the pipeline from becoming operational. After consultation with Germany and the EU, I have terminated the waiver and imposed sanctions on Nord Stream 2 AG (NS2AG), its CEO Matthias Warnig and the executives of NS2AG. This action is consistent with the United States’ longstanding opposition to Nord Stream 2 as a Russian geopolitical project and the President’s commitment that Nord Stream 2 would not move forward after the start of the Russian invasion of Ukraine.

I determined on May 19, 2021, in a report to Congress, that NS2AG and Mr. Warnig knowingly facilitated deceptive or structured transactions to supply the pipelay vessel Fortuna for the construction of NS2. I have further determined that it is in the national interest of the United States to waive sanctions against NS2AG, Mr. Warnig, and NS2AG leaders, in order to allow diplomacy with Germany to address the impacts negatives of the pipeline, should it become operational. To that end, on July 21, we joined Germany in releasing the “United States-Germany Joint Statement on Support for Ukraine, European Energy Security, and Our Climate Goals.” This close diplomatic coordination has continued, including throughout Russia’s military build-up in recent months. Following Russia’s actions this week, the United States and our European allies implemented strong coordinated sanctions, and Germany announced it was suspending the Nord Stream 2 certification process. , I have determined that these waivers are no longer in the national interest of the United States.

Following the termination of the sanctions waiver, NS2AG and Mr. Warnig are now sanctioned under the Protection of Energy Security of Europe Act (PEESA), implemented by Executive Order (EO) 14039. In accordance with PEESA and EO 14039, NS2AG leaders are also subject to visa restrictions. All property and interests in property of sanctioned persons who are in or come from the United States or are in the possession or control of U.S. persons must be blocked and reported to the Department’s Office of Foreign Assets Control (OFAC). of the United States Treasury. Individuals and entities who knowingly engage in misconduct related to Nord Stream 2 are subject to similar sanction risks.

The United States remains steadfast in its support of Ukraine’s sovereignty and territorial integrity. Russia’s blatant disregard for international law by repeatedly invading the sovereign territory of Ukraine demands a firm response from the international community. Our actions today are consistent with our commitment, in close coordination with our allies and partners, to impose massive consequences and significant costs on Russia in response to its unlawful and unprovoked actions in Ukraine. While we remain committed to diplomacy, if Russia continues to escalate its aggression, we stand ready to implement unprecedented additional measures designed to cripple the Russian economy.

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