Lobbyists flee Russia's Nord Steam 2 pipeline after administration reimposes sanctions

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Lobbyists flee Russia's Nord Steam 2 pipeline after administration reimposes sanctions
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Lobbyists are cutting ties with Nord Stream 2 after the Biden administration cleared sanctions on the company behind the pipeline connecting Russian energy to Germany.

Lobbyists for the embattled Nord Stream 2 pipeline connecting Russian energy to Germany are cutting ties afterK Streets giant BGR and Roberti Global both terminated their lobbying agreement with the German company Nord Stream 2 AG.the agreements had ended. BGR confirmed its termination to Axios. Roberti did not immediately respond to a request for comment.Sanctions aimed at punishing Russia's invasion of Ukraine may not deter further aggression but are already hitting key Russian assets.

President Biden also announced sanctions against two Russian banks and three senior Kremlin officials this week.What they're saying: “BGR is ending its engagement with the Nord Stream 2 gas pipeline project in compliance with economic and trade sanctions announced by the U.S. government,” BGR spokesman Jeff Birnbaum told Axios in an email.The Nord Stream 2 pipeline is slated to carry Russian gas to Europe via a route through Ukraine.

It's become a sticking point in efforts to punish Russia over its invasion of Ukraine and deter additional aggression. Biden initially waived Trump-era sanctions against companies involved with the project, but rolled back those waivers this week.

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