Ukraine crisis: Nord Stream 2 firm files for bankruptcy after Russian invasion

Mar 1, 2022 | INVESTING

The Swiss-based Nord Stream 2 company has gone belly-up after Germany halted the gas pipeline following Moscow’s invasion of Ukraine.Berlin halted the project, built to bring Russian gas to Europe, as Moscow faced a barrage of sanctions from the West.“Nord Stream became insolvent because of last week’s US sanctions,” Silvia Thalmann-Gut, economics director in the Swiss canton of Zug where the company is based, told public broadcaster SRF.She said the regional authorities had been informed…

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