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Nord Stream 2 pipeline

US to waive sanctions on firm, CEO behind Russia's Nord Stream 2 pipeline
World

US to waive sanctions on firm, CEO behind Russia's Nord Stream 2 pipeline

  • The department's review, required by Congress, concludes that Nord Stream 2 AG and CEO Matthias Warnig, an ally of Russian President Vladimir Putin, engaged in sanctionable activity but that it was in the US national interests to waive the sanctions, the source said.
  • Russian officials on Wednesday signaled that the move could help mend Washington's fraught ties with Moscow.
Published 19 May, 2021 06:48pm
US shouldn't threaten friends over Nord Stream 2, says Austria's OMV CEO
Markets

US shouldn't threaten friends over Nord Stream 2, says Austria's OMV CEO

  • "This project is of great importance for the security of supply of the European gas market, it is therefore Europe's responsibility to decide," Seele told Austrian newspaper Wiener Zeitung.
  • "We have had a deep transatlantic friendship with the USA for decades. And friends shouldn't threaten each other," he said in an interview published on Saturday.
Published 20 Mar, 2021 07:01pm
Munich Re stops insuring Nord Stream 2 amid sanctions threat
Business & Finance

Munich Re stops insuring Nord Stream 2 amid sanctions threat

  • The US has been threatening sanctions against European companies that support construction of the $11 billion gas pipeline, and Zurich Insurance Group dropped out last month.
  • Munich Re Syndicate has issued the notice of termination to Nord Stream 2," a spokesman said in an emailed statement on Tuesday, referring to the company's subsidiary.
Published 23 Feb, 2021 06:07pm