Zachary Basu
Tue, March 1, 2022, 1:06 PM
The Swiss-based company behind the Nord Stream 2 pipeline has filed for bankruptcy and fired all 106 of its employees, a local official confirmed to Swiss radio broadcaster SRF.
Why it matters: Long viewed as a Kremlin influence project that would increase Europe's energy dependence on Russia, Nord Stream 2 was one of the first targets of the flurry of Western sanctions triggered by Vladimir Putin's invasion of Ukraine.
German Chancellor Olaf Scholz said the certification of the $11 billion natural gas pipeline would be suspended last Tuesday, a day after Putin ordered Russian troops into eastern Ukraine for a "peacekeeping" mission. The pipeline is fully constructed, but gas had not yet started flowing.
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https://news.yahoo.com/operator-nord-stream-2-files-190612218.html