Nord Stream 2 AG to apply for bankruptcy shortly

Nord Stream 2 AG to apply for bankruptcy shortly

Nord Stream 2 AG is going to file a bankruptcy petition in coming days, Stuttgarter Zeitung newspaper reported, citing managing director of the company Matthias Warnig.

Nord Stream 2 AG will apply "in coming days" to the court in Zug, Switzerland, with a relevant request providing in particular for "a temporary moratorium" on operations, Warnig said, cited by the newspaper.

Certification of the Nord Stream 2 AG is under suspension from February 22. US introduced sanctions against Nord Stream 2 AG and its management on February 23.

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