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Germany faces a wave of bankruptcies due to the refusal of Russian gas

The refusal of Russian gas could lead to a sharp increase in the number of bankruptcies in Germany. This will mostly affect small and medium-sized enterprises that do not have long-term contracts for the supply of natural gas. The attention to the problem was drawn by the ...

Bankruptcy of Nord Stream 2 AG suspended until autumn

... Transliq AG will act as interim manager during this period. We should remind our readers that the company filed a claim with the court with a request to temporarily stop the company's arbitration litigation with the European Union that arose around the gas directive and its application in early March 2022. June court hearings were cancelled. The gas pipeline itself runs across the sea from the station in the Leningrad region to the coast of Germany. Its capacity is designed for the annual transportation ...

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