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GOP Senators Threaten to Block Treasury Nominees Unless Biden Admin Reverses Nord Stream 2 Policy

Last Wednesday, Washington and Berlin announced a bilateral compromise deal on the Nord Stream 2 gas pipeline as they agreed to allow the project to proceed without the threat of US sanctions.

A group of Republicans on the Senate Banking Committee has threatened to block two Treasury nominees unless the Biden administration changes their stance on the Nord Stream 2 gas pipeline project.

In a letter to Treasury Secretary Janet Yellen, the 12 Republicans, including Pat Toomey, Richard Shelby, Mike Crapo, Tim Scott, Mike Rounds, Thom Tillis, John Kennedy, Bill Hagerty, Cynthia Lummis, Jerry Moran, Kevin Cramer, and Steve Daines, claimed the project “directly harms the national security interests of the United States and our allies and partners”.

The senators argued that “if completed, this [Nord Stream 2] project will increase [Russian President] Vladimir Putin’s malign influence over Europe” and “destabilise Ukraine’s fragile security […]”.

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