Search

Bankruptcy of Nord Stream 2 AG suspended until autumn

The operator of Nord Stream 2 received a temporary moratorium on bankruptcy from a court in Switzerland. On May 10, the court of the canton of ... ... decision of the German authorities on February 22 to completely stop certification, and on February 23 it became known about sanctions against the company imposed by the United States.

Nord Stream 2 management company to launch bankruptcy proceedings

Swiss company Nord Stream 2 AG, acting as an operator of Nord Stream 2, is going to resort to insolvency proceedings. This is connected with the sanctions that were previously imposed on the enterprise in connection with the geopolitical situation around Ukraine. It is known that at the moment the company has already begun staff reductions. The intention to initiate bankruptcy was reported ...

18 EUROPEAN COMPANIES BACK OUT OF NORD STREAM 2

... terminated their further participation in the Nord Stream-2 project due to the threat of the US sanctions. Such information is contained in the US State Department report, prepared for the Congress The day before, the State Department assessed the sanctions measures against Nord Stream 2 for effectiveness, and the new US administration concluded that they were effective. The Nord Stream 2 project is a gas pipeline that runs along the bottom of the Baltic Sea from Russia to Germany. At the moment, the work on it is almost ...

Nord Stream II preparing for bankruptcy

The operator of the Nord Stream 2 project is about to declare bankruptcy in a few days. The company was in a state of collapse against the backdrop of Western sanctions and a Russian special operation that unfolded on the territory of Ukraine. It is reported that the application will be submitted to the Swiss court of Zug, which is competent to consider this issue. An application to the document should be ...

Sorted by relevance | Sort by date