The United States is to impose sanctions on the company in charge of building Russia's Nord Stream 2 gas pipeline, President Joseph Biden has announced, following Russia's aggressions towards Ukraine. The sanctions, which target the Nord Stream 2 AG company and its corporate officers, add to pressure on the Baltic Sea project that was designed to double the gas flow capacity from Russia to Germany. Nord Stream 2 AG is a registered Swiss firm whose parent company is the Russian state-owned gas giant Gazprom. Gazprom owns the entire pipeline but paid half the costs, with the rest shared by Shell, Austria's OMV, France's Engie and Germany's Uniper and Wintershall DEA.
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