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Zurich Insurance to withdraw from Nord Stream 2 project

Posted On: Jan. 18, 2021 9:56 AM CST

 

Zurich Insurance Group Ltd. intends to withdraw its support for the Nord Stream 2 gas pipeline project fearing the U.S. sanctions, Reuters reported citing sources. The U.S. State Department has warned European firms of potential sanctions if they support the Nord Stream 2 pipeline that would double the capacity of the undersea Nord Stream gas pipeline from Russia to Germany.

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