Nord Stream 2 ‘Cannot Confirm’ Reports of Bankruptcy Filing (1)

Nord Stream 2 AG, operator of the controversial gas pipeline under the Baltic Sea to Germany, said it can’t confirm published reports that it has filed for bankruptcy amid a raft of international sanctions against Russian assets.

“We cannot confirm the media reports,” it said in a statement. Switzerland-based Nord Stream 2 AG “only informed the local authorities that the company had to terminate contracts with employees following the recent geopolitical developments leading to the imposition of U.S. sanctions on the company.”

Amid international condemnation of Russia’s war in Ukraine, the U.S. slapped tougher penalties on Nord Stream ...