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Zurich Insurance Said to Pull Out of Nord Stream 2 Project

  • Insurer is third company to cut ties with the link this year
  • Work set to start on controversial pipeline in Danish waters
The Nord Stream 2 Baltic Sea pipeline.

The Nord Stream 2 Baltic Sea pipeline.

Photographer: Jens Büttner/picture alliance/Getty Images

 

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Zurich Insurance Group AG has decided to stop providing insurance services linked to the Nord Stream 2 gas pipeline, over the threat of further U.S. sanctions on the project, according to people close to the matter.