Nord Stream 2 Terminates Worker Contracts Amid Sanctions
- Move follows tougher sanctions on Russia for Ukraine invasion
- Germany froze the approval process, leaving pipeline in limbo
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Swiss-based Nord Stream 2 AG, the builder of the controversial Russian gas pipeline to Europe, terminated contracts with its employees following international pressure on Russia after its invasion of Ukraine.
“Following the recent geopolitical developments leading to the imposition of U.S. sanctions on Nord Stream 2 AG, the company had to terminate contracts with employees,” the company said in an emailed statement. “We very much regret this development.”