Gazprom’s Nord Stream 2 Pipeline Faces Fresh Setbacks
- Zurich among companies to cut ties with controversial project
- Future of gas link unclear as U.S. brings fresh sanctions
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The future of Nord Stream 2 looks increasingly uncertain as the U.S. ramped up pressure on the project with new sanctions, and companies walked away from the controversial Russian gas link.
The new sanctions come just days before work on the pipeline is scheduled to start in Danish waters. Questions now remain whether the link, owned by a unit of Gazprom PJSC, will see further delays as the U.S. tries to limit Russian influence in Europe.