BERLIN, 28 Dec: A Swiss court has granted a six-month \u201cstay of bankruptcy\u201d to the operating company for the never-opened Nord Stream 2 pipeline, which was built to bring Russian gas to Germany but put on ice shortly before Russia invaded Ukraine in February.
\nThe company\u2019s stay was extended from Jan. 10 through July 10 by a regional court in the Swiss canton (state) of Zug, according to a notice published Wednesday in the Swiss Official Gazette of Commerce.
\nNord Stream 2 AG, a subsidiary of Russia\u2019s Gazprom, is based in Zug. Nord Stream 2’s court-appointed administrator, Transliq AG, sought the extension.
\nGerman Chancellor Olaf Scholz\u2019s government halted the certification process for the pipeline on Feb. 22, after Russia recognized the independence of two separatist regions in eastern Ukraine. Russian President Vladimir Putin ordered sent troops into Ukraine two days later, and U.S. President Joe Biden President then directed his administration to impose sanctions on the Nord Stream 2 operating company.
\nThe pipeline project had long drawn resistance from Ukraine and eastern European countries, as well as bipartisan opposition in the United States.
\nAt the beginning of March, the operating company said it had dismissed all its employees in Zug, who numbered up to 110, according to local officials.
\nRussia once accounted for more than half of Germany\u2019s natural gas supplies but started reducing deliveries in mid-June, citing alleged technical problems with the parallel Nord Stream 1 pipeline. It hasn\u2019t delivered any gas to the country since the end of August.
\nPutin has periodically taunted the West by raising the prospect of sending gas through Nord Stream 2, a political nonstarter for the German government and others.
\nIn September, undersea explosions damaged both Nord Stream 1 and Nord Stream 2. The prosecutor leading Sweden\u2019s preliminary investigation said last month that investigators found traces of explosives at the site where the pipelines were damaged in an act of \u201cgross sabotage.\u201d AP<\/p>\n
Investigators have not given indications of whom they think might be responsible. AP<\/p>\n","protected":false},"excerpt":{"rendered":"
BERLIN, 28 Dec: A Swiss court has granted a six-month \u201cstay of bankruptcy\u201d to the operating company for the never-opened Nord Stream 2 pipeline, which was built to bring Russian gas to Germany but put on ice shortly before Russia invaded Ukraine in February. The company\u2019s stay was extended from Jan. 10 through July 10 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":{"0":"post-207887","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-world"},"_links":{"self":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts\/207887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/comments?post=207887"}],"version-history":[{"count":0,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts\/207887\/revisions"}],"wp:attachment":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/media?parent=207887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/categories?post=207887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/tags?post=207887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}