Economy

Nord Stream 2 pipeline files for bankruptcy after firing all its staff.

Wednesday, March 2, 2022
Nord Stream 2 pipeline files for bankruptcy after firing all its staff.

 Nord Stream 2 AG, the Swiss company that owns the new Baltic Sea pipeline to Russia, appears to be facing bankruptcy. The employment contracts of more than 140 employees have already been terminated. After the Baltic pipeline was shut down, the Swiss owner, Nord Stream 2 AG, appears to be facing bankruptcy. The Reuters News Agency reports. The report cites two people familiar with the matter. Accordingly, Nord Stream 2 AG is currently working with financial advisors to arrange portions of its obligations. They said that they can file for bankruptcy in Switzerland this week.

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