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Operator of Nord Stream 2 denies it filed for bankruptcy

Business

The Swiss-based company behind the Nord Stream 2 pipeline denied on Wednesday that it filed for bankruptcy but confirmed it terminated employee contracts.

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.

  • A local official told Swiss radio broadcaster SRF on Tuesday that the company had filed for bankruptcy and fired all 106 of its employees.
  • 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.
  • The U.S. followed up by rescinding sanctions waivers on Nord Stream 2 AG and its corporate officers, dealing what was likely the death blow to a project that had caused major headaches for President Biden and the trans-Atlantic alliance.

What they’re saying: “We cannot confirm the media reports that Nord Stream 2 has filed for bankruptcy,” Nord Stream 2 AG — a wholly owned subsidiary of Russia’s Gazprom — said in a statement.

  • “The company only informed the local authorities that the company had to terminate contracts with employees following the recent geopolitical developments leading to the imposition of US sanctions on the company,” it added.

The company told Reuters on Tuesday that it “had to terminate contracts with employees. We very much regret this development.”

Between the lines: Even as the West and private companies have moved to fully isolate Russia over its unprovoked attack on Ukraine, former German Chancellor Gerhard Schröder — the chairman of the board of Nord Stream 2 AG — has yet to cut his lucrative ties with Russian energy giants.

  • Members of his office staff have quit in protest, according to Politico.

Axios



22 Comments on "Operator of Nord Stream 2 denies it filed for bankruptcy"

  1. The Nationalist on Wed, 2nd Mar 2022 10:34 pm 

    Lets hope Russia can win quickly and put an end to the American empire’s eastward expansion and warmongering.

  2. Biden's hairplug on Thu, 3rd Mar 2022 6:11 am 

    Hear, hear.

  3. NiceYearForMeToDie on Thu, 3rd Mar 2022 6:17 am 

    This is the perfect year to die for me. Finally, I can start killing people without having to go to prison

  4. PO.Com Moderator. on Thu, 3rd Mar 2022 6:55 am 

    The Nationalist = Clogshitter. Aka, Bindens assplug. In other words, a sock puppet high-fiving his own sock post.

  5. Biden’s hairplug on Thu, 3rd Mar 2022 7:21 am 

    Bye-bye US empire, KSA defecting to China:

    https://twitter.com/wmiddelkoop/status/1499373182029029377

    Hopefully Germany next.

  6. Biden’s hairplug on Thu, 3rd Mar 2022 7:33 am 

    “PO.Com Moderator. on Thu, 3rd Mar 2022 6:55 am

    The Nationalist = Clogshitter. Aka, Bindens assplug. In other words, a sock puppet high-fiving his own sock post.”

    You’re a bad loser, apneaman.

    But we already knew you were void of noble qualities, because you will never be anything else but a shabby TalmudTurk.

    Now bring me some beer.

  7. Biden’s hairplug on Thu, 3rd Mar 2022 7:58 am 

    Judea declares war on Russia!

    https://mobile.twitter.com/beek38/status/1499351104127184905

    Same old pattern, yet…

    First time a tragedy,
    second time a farce.

  8. Biden's hairplug on Thu, 3rd Mar 2022 10:25 am 

    The DailyMail is full with anti-Russian propaganda for the boobs, but every now and then they publish material for more thoughtful folks, people like you and me:

    https://www.dailymail.co.uk/news/article-10569141/Putin-NOT-crazy-Russian-invasion-NOT-failing-writes-military-analyst-BILL-ROGGIO.html

    “Putin is NOT crazy and the Russian invasion is NOT failing. The West’s delusions about this war – and its failure to understand the enemy – will prevent it from saving Ukraine, writes military analyst BILL ROGGIO”

    Psssht – Putin is winning (as long as there is no major foreign intervention)

  9. Biden's hairplug on Thu, 3rd Mar 2022 10:47 am 

    SITREP 3-3-2022

    Russian view:

    https://readovka.news/news/89975

    UK MOD view:

    https://twitter.com/DefenceHQ/status/1499370960973086721/photo/1

    If the West will intervene directly, it is only a matter of (little) time before China, Iran and North-Korea will enter the war too and WW3 will be a fact. Expect tactical nuclear weapons to be used, to start with in western Ukraine and warning shots over Poland and Chinese/Nord-Korean firing similar warning shots over Australia and near Nagasaki, to keep Japan out of the conflict.

    A general mobilization in the US for deployment in Europe and East-Asia could go accompanied by mass defections in North-America (CW2). Better die for your race than for the kikes, the motto will be.

    https://www.globaltimes.cn/page/202203/1253853.shtml

    “Macron held new 90-minute call with Putin: Elysee”

    https://www.theguardian.com/world/2022/mar/01/china-mediate-ukraine-russia-war

    “China signals willingness to mediate in Ukraine-Russia war”

    China setting itself up as mediator for this brewing inner white conflict, instigated by international jewry (as always). This should give a clear indication who will be the next #1. Hint: not international jewry.

  10. Biden's hairplug on Thu, 3rd Mar 2022 10:55 am 

    The Russians originally wanted to take Ukraine by soft force (“Slavic Brothers” and all), but that merely emboldened the Ukrainian resistance. Now the gloves are off. Ukrainians openly admitted they make no POWs, but intend to slaughter them, a bit of a barbaric folk, these Kozakhs.

    The WW2 Germans always applied Geneva convention rules, as long as the enemy, like British and French, adhered to them too.

    But in the USSR, no such luck, result: Bloodlands.

    https://www.amazon.com/Bloodlands-Timothy-Snyder-audiobook/dp/B07JB4WQVF/ref=sr_1_1

    “Bloodlands: Europe Between Hitler and Stalin”

    Same thing here. You sure, EU, you are keen on pushing the most right-wing whites on the planet, real Hollywood-style Nazis, into your political correct club? UhOh, as if you had not enough problems with right-wing Poles of the Pis variety already!

    https://www.france24.com/en/europe/20220302-live-war-crimes-court-prosecutor-opens-ukraine-investigation

    “Live: After call with Putin, Macron believes ‘worse is to come’ in Ukraine”

    “French President Emmanuel Macron believes “the worst is yet to come” in Ukraine after Russian President Vladimir Putin vowed an “uncompromising fight” during a 90-minute phone call on Thursday, according to a French presidential aide. On the frontlines, Russian forces increased pressure on Mariupol and Kharkiv after Kherson became the first Ukrainian city to fall.”

  11. Biden's hairplug on Thu, 3rd Mar 2022 11:04 am 

    “Putin-linked oligarchs could see UK properties seized by government PERMANENTLY and used to house Ukrainian refugees under tough new sanctions being drawn up by Michael Gove”

    Oh dear, nobody will be left to fund UK political parties.lol

    Russian (and quietly Chinese) leaving London, so much for globalism. Nobody will ever invest in that city again, if it senses that its capital could be confiscated. Candidates for departue apart from Russia: China, Iran, Brasil, South-Africa, India (BRICS), Kazakhstan and now KSA as well.

    Bye-bye London as global banking city.

  12. Biden's hairplug on Thu, 3rd Mar 2022 11:07 am 

    So far 1 million refugees, all heading for Europe. 5 million expected in total, dwarfing the 2015 disaster.

    The good news: they are all white and mostly women (the men 18-60 have to fight).

    Even Hungary is widely openly its borders (because the refugees are white, f* racists.lol)

    The EU industry, agriculture, transport, building, etc. is rubbing its hands, confronted with so much cheap labor.

  13. ANAL CAPTURE SHOCK elite darkie supertard Sohrab Lutchmedial MUZZ-19 thecovidblog ATTN elite whitey (((supertard))) Theedrich on Thu, 3rd Mar 2022 11:12 am 

    thecovidblog

    SHOCK streetshitter STRONG on “science!”

    SHOCK streetshitter MUZZ-19 (“science!”)

    Shock streetshitter hate elite whitey supertards (“punch anti vaxers in the face”)

    SHOCK streetshitter BYEBYE

    please be ease
    we love muzzies

  14. FamousDrScanlon on Thu, 3rd Mar 2022 11:35 am 

    I’ve never seen clog so happy as when he’s delusional.

    Last time Clog got all giddy like a girl who just discover her vagina was when the Russians went into Syria.

    clog definitely has the hots for Vladimir.

    Putin gets clog’s boy pussy extra moist.

    clog to Putin – “Oh Vlad, impale me with your Russian meat rocket”…”take me, war stud, take me!”.

    Fucking fudge packer

  15. ANAL CAPTURE SHOCK everytime i thought uppertard banned me to protect streetshitter darkie elite supertard Sohrab Lutchmedial on Thu, 3rd Mar 2022 11:43 am 

    then my prost appears then it’s all good

    it’s important to call out streetshitters for hating elite whitey supertards.

    thecovidblog

    calling out “science!”

    please be ease
    we love muzzies

  16. FamousDrScanlon on Thu, 3rd Mar 2022 11:46 am 

    clog, everyone in the English speaking world knows The Daily Mail is the newspaper of choice for homos. No decent establishment sells it.

    The Dutch are slow to catch up.

    If the Netherlands were an animal it’d be a tree sloth……with a rolled up copy of The Daily Mail shoved up it’s bum pipe.

    Fucking faggoty Dutch sloths. Slow at everything except gobbling up cocks.

  17. FamousDrScanlon on Thu, 3rd Mar 2022 12:04 pm 

    clog the last humans to breath air in Europe will be black African climate refugees. A half billion will be heading yo Europe soon.

    Africans at risk of famine, drought and displacement, U.N. climate report warns
    Climate change has already increased heat waves and drought, and it has doubled the probability of marine heat waves around most of Africa, a panel of scientists found.

    Tens of millions of people across Africa face the risk of famine, drought, disease and displacement within decades, according to a landmark United Nations climate report released Monday that forecasts a dire future for the continent least responsible for global warming.

    https://www.nbcnews.com/science/environment/africans-risk-famine-drought-displacement-un-climate-report-warns-rcna17881

    Least responsible. Pffft This cluster of cancer cells is least responsible for the cancer eating you alive.

  18. ANAL CAPTURE SHOCK when i went to elite whitey (((supertard))) Alice web site i see new prost so this is good she doesnt MUZZ-19 thecovidblog on Thu, 3rd Mar 2022 4:14 pm 

    MUZZ-19 IS RESERVED FOR elite darkie supertard
    Sohrab Lutchmedial streetshitter MUZZ-19 and went BYE BYE

    taht’s how the story often goes. streetshitter is STRONG on “science!”

    please be ease
    we love muzzies

  19. FamousDrScanlon on Fri, 4th Mar 2022 1:06 am 

    China’s Zhejiang approves new $1.1 bln coal-fired power plant

    https://www.reuters.com/business/energy/chinas-zhejiang-approves-new-11-bln-coal-fired-power-plant-2022-02-09/

    I’m coming out of retirement & going to China to help them build power boilers correctly.
    And they’ll teach me how they can build them in less than half the time it takes us.

    Probably a union thing. No 25min coffee break on my 15min coffee break..

    If I have to take a dump, I wait until I finished my break then head for the shitter.

  20. FamousDrScanlon on Fri, 4th Mar 2022 1:08 am 


    Daily CO2

    Mar. 2, 2022 = 419.03 ppm

    Mar. 2, 2021 = 417.98 ppm

    January CO2

    Jan. 2022 = 417.99 ppm

    Jan. 2021 = 415.15 ppm

    https://www.co2.earth/daily-co2

  21. Biden's hairplug on Fri, 4th Mar 2022 4:09 am 

    The war changes the energy policy of the EU:

    https://www.telegraaf.nl/nieuws/556907137/kolen-geen-taboe-meer-voor-timmermans

    Coal and nuclear power stations are allowed to stay open longer. The goal remains climate neutrality. 2050 will probably be an illusion.

    All thanks to shithole Ukraine, that won’t be a NATO member regardless.

    Russians have taken the 6 nuclear power stations near Zaparoche. This gives the Russians options, like switching it off for Zaparoche until they surrendered.

    https://readovka.news/news/90172

    Progress is limited, first the “Nazis” of Mariupol need to be destroyed. But they do have the first major town Cherson, controlling the mouth of the Dnjepr river.

  22. ANAL CAPTURE SHOCK thecovidblogelite darkie supertard Sohrab Lutchmedial aka streetsthitter MUZZ-19 on Fri, 4th Mar 2022 8:14 am 

    MUZZ-19 IS RESERVED FOR elite darkie supertard

    Sohrab Lutchmedial streetshitter MUZZ-19 and went BYE BYE

    taht’s how the story often goes. streetshitter is STRONG on “science!”

    SHOCK streetshitter hate elite whitey supertards (punhc anti vaxxers in the face)

    please be ease
    we love muzzies

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