Nord Stream 2 AG Considers Filing for Insolvency, Reuters Reports
01 Mars 2022 - 1:04PM
Dow Jones News
-- Swiss-registered firm Nord Stream 2 AG is considering filing
for insolvency, Reuters reports, citing two sources familiar with
the matter.
-- The company, which manages the Nord Stream 2 gas pipeline
project linking Russia to Germany, would do so in the attempt "to
settle claims ahead of a U.S. sanction deadline for other entities
to stop dealings with it," according to the news outlet.
--Last week, the U.S. said it plans to impose sanctions on Nord
Stream 2, following the German government's decision to halt the
pipeline's certification process in retaliation for Russia's
invasion of Ukraine.
Full story: https://reut.rs/3K2CSLK
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
March 01, 2022 06:49 ET (11:49 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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