The Biden administration will waive sanctions on the corporation and CEO overseeing the Nordsteam 2 pipeline construction, a source familiar tells Fox Business. 

But at the same time, the State Department is expected to send its 90-day report to Congress listing entities involved in the pipeline’s construction that deserve sanctions. The State Department will acknowledge that the corporate entity in charge of the project, Nord Stream 2 AG and its CEO, the Putin crony and former East German intelligence officer Matthias Warnig, are engaged in sanctionable activity, according to Axios, which first reported the news. 

The Nord Stream 2 deal with Russian President Vladimir Putin's regime will transfer Russian gas to Germany via a pipeline running under the Baltic Sea. If completed, this new pipeline would double the amount of natural gas Russia transports directly to Europe and hand an enormous geopolitical victory to Vladimir Putin. FOX BUSINESS