Bankruptcy stay for Nord Stream 2 pipeline firm extended

Published September 8, 2022 1:38 AM

BERLIN (AP) — A Swiss court has granted the operating company for the never-opened Nord Stream 2 pipeline, which was built to bring gas from Russia to Germany but put on ice shortly before Russia invaded Ukraine, a four-month extension to its “stay of bankruptcy.” The stay for Nord Stream 2 AG was extended from Sept. 10 through Jan. 10 by a regional court in Zug canton (state), according to a notice published Thursday in the Swiss Official Gazette of Commerce. The company, a subsidiary of Russia’s Gazprom, is based in Zug. German Chancellor Olaf Scholz’s government halted the certification process for the pipeline on Feb. 22, after Russia recognized the independence of two separatist regions in eastern Ukraine.

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