Republicans Threaten to Oppose Treasury Picks Over Nord Stream 2

Senator Pat Toomey and 11 other Republicans on the Senate Banking Committee are threatening to block two Treasury nominees unless the Biden administration reverses its stance on the Nord Stream 2 pipeline from Russia to Germany and imposes new sanctions on the project.

“The Nord Stream II natural gas pipeline directly harms the national security interests of the United States and our allies and partners,” the letter to Treasury Secretary Janet Yellen begins. “If completed, this project will increase Vladimir Putin’s malign influence over Europe, destabilize Ukraine’s fragile security, and encourage further Russian aggression.”

The senators say they will oppose ...