Washington — The Biden administration will waive sanctions on the company behind Russia's Nord Stream 2 gas pipeline to Europe and its CEO, a source and Germany's foreign minister said on Wednesday.

A state department report to be delivered to Congress on Wednesday concludes that the Nord Stream 2 company and CEO Matthias Warnig, an ally of Russian President Vladimir Putin, engaged in sanctionable activity but that it was in the US national interest to waive the sanctions, the source said...