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Matthias Warnig News

24 Feb 2022

U.S. Sanctions Nord Stream 2 AG and its CEO

Matthias Warnig, Chief Executive Officer of Nord Stream 2 AG (Image Cropped) / Source © Nord Stream 2  Wolfram Scheible

The United States on Wednesday imposed sanctions on the company in charge of building Russia's Nord Stream 2 gas pipeline, expanding penalties on Moscow after it recognized two breakaway regions in eastern Ukraine.The sanctions, which target the Nord Stream 2 AG company and its CEO, Matthias Warnig, add to pressure on the Baltic Sea project that was designed to double the gas flow capacity from Russia to Germany.Europe's most divisive energy project, Nord Stream 2 has not begun operations pending certification by Germany and the European Union.Germany on Tuesday halted the pipeline…

19 Aug 2021

Nord Stream 2 Gas Pipeline to Be Completed Next Week

The Nord Stream 2 gas pipeline construction is 99% complete, the operating company said on Wednesday, after a media report the Russian-led project, which has come under criticism from the United States, is expected to be finished on Aug.

25 Jun 2021

U.S. State Secretary says Nord Stream 2 Pipeline Undermines Ukraine

U.S. Secretary of State Antony Blinken (File Photo: State.gov)

U.S. Secretary of State Antony Blinken on Wednesday described the Nord Stream 2 gas pipeline as a Russian geopolitical project that undermines the security of Ukraine, adding the United States wants to ensure Russia does not use energy as a coercive tool against any European state.Speaking at a joint press conference in Berlin after meeting German counterpart Heiko Maas, Blinken said Washington was determined to see if it can make something positive out of a difficult situation…

26 May 2021

Biden: Sanctions Against Nord Stream 2 Would Harm European Relations

© Axel Schmidt/ Nord Stream 2

U.S. President Joe Biden on Tuesday said he decided to waive sanctions against the company behind the Nord Stream 2 gas pipeline because the project was nearly complete, and doing so could have harmed ties with Europe.Biden, who is preparing for his first visit to Europe and his first meeting with Russian President Vladimir Putin next month, told reporters he had opposed the new pipeline since its inception, but held off on sanctions because it was "almost completely finished" by the time he took office in January.Asked why he was letting Germany and Russia complete the project…

10 Feb 2010

Nord Stream Shares Baltic Sea Database

At the Baltic Sea Action Summit in Helsinki on Feb. 10, Nord Stream took a further concrete step in line with its firm commitment to preserve the Baltic Sea. Nord Stream decided to establish a new Data and Information Fund to utilize its extensive knowledge and survey data for further research and preservation of the Baltic Sea. "The Baltic Sea is the home of our project. Therefore, we want to actively participate in its improvement as part of our Baltic Sea co-operation. The Baltic Sea Action Summit is a unique opportunity, bringing together various parties and investments made for the common good," said Matthias Warnig, Managing Director Nord Stream AG. The objective of the Fund is to increase existing knowledge regarding the state of the Baltic Sea and its preservation.