Posted on 03/01/2022 9:40:53 AM PST by marcusmaximus
The Swiss-based company which built the Nord Stream 2 gas pipeline from Russia to Germany is considering filing for insolvency, two sources familiar with the situation said, as it attempts to settle claims ahead of a U.S. sanction deadline for other entities to stop dealings with it.
The United States sanctioned Nord Stream 2 AG last week after Russia recognised two breakaway regions in eastern Ukraine prior to its invasion of the country, which has prompted a wave of economic sanctions by the West.
Nord Stream 2 AG, which is registered in Switzerland and owned by Russian state-owned gas giant Gazprom , last year completed the $11 billion project which was designed to double the capacity to pump gas from Russia to Germany.
The two sources, who spoke on condition of anonymity because the talks about a potential insolvency are confidential, said that Nord Stream 2 AG has been working with a financial adviser on clearing some of its liabilities and could formally begin insolvency proceedings in a Swiss court as soon as this week.
Nord Stream 2 AG did not respond to requests for comment from Reuters. Gazprom declined to comment.
(Excerpt) Read more at reuters.com ...
Nord Stream 2 AG did not respond to requests for comment from Reuters. Gazprom declined to comment.
Is anyone keeping account of the assets that have been handed over to Russia gratis[e.g. Shell and BP assets in Russia] and the cost to the west of all of these sanctions?
All of this is by design for the left to create a depression that was “outside of their control”. Then they will be able to stay in power. Unfortunately, it seems more than half of FR supports the left in this planned economic destruction and global corporatist takeover.
Prediction: Goldman Sachs and Black Rock will be buying them up very soon. Putin will welcome it. He likes having oligarchs in his control.
Bkmk Nordstream 2
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