Home ยป The operator of Nord Stream 2 announced the beginning of bankruptcy proceedings

The operator of Nord Stream 2 announced the beginning of bankruptcy proceedings

by alex

Nord Stream 2 AG has announced the initiation of bankruptcy proceedings.

Nord Stream 2 AG, the Swiss operator of the Russian Nord Stream 2 gas pipeline, has announced the initiation of bankruptcy proceedings.

This is reported by the TASS news agency with reference to Swiss television.

Recall that the operator of Nord Stream-2 is on the verge of bankruptcy . Nord Stream 2 AG, owned by Russia's state-owned Gazprom, completed a $11 million gas pipeline last year to boost gas supplies from Russia to Germany.

The gas pipeline did not start working because the German regulator suspended its certification process due to Russia's invasion of Ukraine.

The US Treasury has officially imposed sanctions against Nord Stream 2 AG, as well as its chief executive, Matthias Warnig.

Swiss Economy Minister Guy Parmelin said on Monday in an interview with the Swiss radio RTS that the entire staff of Nord Stream, more than 140 employees who worked for the company in the Swiss city of Zug, have been laid off.

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