US seen leaving Germans off Nord Stream 2 sanctions list: Report

A report to the US Congress is expected to list small number of Russia-linked entities involved in gas pipeline that will supply to Europe, Bloomberg sources say.

The U.S. is likely to hold off sanctioning any German entities for now over the Nord Stream 2 gas pipeline from Russia, according to four people familiar with the matter, as the Biden administration seeks to halt the project without antagonizing a close European ally. A key report to Congress that was due last Tuesday could be out as soon as Friday, and it’s expected to list only a small number of Russia-linked entities, according to the people, who asked not to be identified because the policy hasn’t been announced. Nord Stream 2 emerged as a major source of friction in trans-Atlantic relations during President Donald Trump’s administration as the project, which would bring Russian gas into the heart of Europe, neared completion. Trump officials, in arguments essentially supported by President Joe Biden’s administration, said the project undermines European security by tying the continent more closely to Moscow.