Zurich Insurance to drop out of Nord Stream 2 project: sources

  • 📰 Reuters
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Zurich Insurance Group will drop out of Russia's Nord Stream 2 project in the face of looming U.S. sanctions against European companies that support construction of the $11 billion gas pipeline, two sources familiar with the situation said.

FILE PHOTO: The logo of the Nord Stream 2 gas pipeline project is seen on a large diameter pipe at Chelyabinsk Pipe Rolling Plant owned by ChelPipe Group in Chelyabinsk, Russia February 26, 2020. REUTERS/Maxim Shemetov

The U.S. State Department this month told companies which it suspects are helping to build the pipeline that they face a risk of sanctions as the outgoing Trump administration prepares a final round of punitive measures against the project, Reuters reported this week. The Swiss insurer declined to comment on Saturday on specific customers, but said: “Zurich has a comprehensive compliance framework in place and is committed to fully comply with any applicable sanctions regulations.”

Denmark’s Nautiskinformation notified shippers on Thursday that prohibited areas near Bornholm would be established beginning on Friday for the pipe laying vessel Fortuna, assisted by construction and supply vessels.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Wish them go belly up soon

Of course! Because Zurich Insurance can predict the pipeline will be slapped with more US sanctions. Insurance companies are like that: they only offer you money when you don’t need it 😏

I’m Richie Skaggs with, ‘Music for Veterans.’ Please read what we’re doing to help keep Morale High, for potential Suicidal Veterans. Your one time gift will boost MusicForVeterans. Watch our first Video to learn more 👉Thanks. God bless you and yours🇺🇸

Congratulations to everyone who benefited from my company yesterday. I still want more people to benefit. Ask me how And I will show you the first 20 on how you can earn $8400 in 24hours ...without sending money to anyone 100% legit..ask me how or inbox me for more information

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Zurich Insurance to drop out of Nord Stream 2 project: sourcesZurich Insurance Group will drop out of Russia's Nord Stream 2 project in the face of looming U.S. sanctions against European companies that support construction of the $11 billion gas pipeline, two sources familiar with the situation said. Barely news, too little and late for this round of US sanctions and the pipeline will be up and running soon enough, it is Germany's intented insult and injury againstt the US after all. Why fund the enemy with gas and oil revenues when they are attacking the west and murdering the opposition. No to funding terrorism. Global free enterprise is not free unless you are calling the shots. Clear why US sees China as an existential threat, as US existence seems to rely on unilateral command of the world.
Source: Reuters - 🏆 2. / 97 Read more »

Zurich Insurance to drop out of Nord Stream 2 project: sourcesZurich Insurance Group will drop out of Russia's Nord Stream 2 project in the face of looming U.S. sanctions against European companies that support construction of the $11 billion gas pipeline, two sources familiar with the situation said. Barely news, too little and late for this round of US sanctions and the pipeline will be up and running soon enough, it is Germany's intented insult and injury againstt the US after all. Why fund the enemy with gas and oil revenues when they are attacking the west and murdering the opposition. No to funding terrorism. Global free enterprise is not free unless you are calling the shots. Clear why US sees China as an existential threat, as US existence seems to rely on unilateral command of the world.
Source: Reuters - 🏆 2. / 97 Read more »

U.S. to unveil Nord Stream 2 pipeline report, but sanctions may take time: sourcesThe Biden administration is expected to name as early as Friday the companies it believes are helping build Russia's Nord Stream 2 pipeline, five sources said, a move that could eventually prompt sanctions on the nearly completed project. Charloteamelia7 has proved to be the best news that has ever happened to me, Am very happy, and I will continue to testify about your good work until the world gets to know how genuine Charloteamelia7 Biden is going to look other way on Russian pipeline while shutting down pipelines in US. Idiocy. So when the US can't keep their own gas pipes up and running they just end someone else's instead There already is Nordstream 1 and that one is fine?
Source: Reuters - 🏆 2. / 97 Read more »

How to Navigate Prior AuthorizationWhat is prior authorization (PA)? Why does insurance require it for certain services? How do you even begin to figure it out? It's complicated. So we broke it down. Learn how to be your own advocate & get what you need from your health insurance co. ✨ So today was a new one. Went to the doctor. They suggested I get a shingles vaccine. But when they checked with my insurance, it would not pay if I got it at the doctor's office. Now if I go to a pharmacy and get it they pay. WTF?
Source: HealthyWomen - 🏆 29. / 68 Read more »