OMVJF - U.S. tells European firms they face sanctions risk on Nord Stream 2 - Reuters

The U.S. State Department has told European companies which it suspects are helping to build the Gazprom-led (OGZPY) Nord Stream 2 gas pipeline that they face the risk of sanctions, as the outgoing Trump administration prepares a final round of punitive measures against the project, Reuters reports.The Trump administration is expected to issue a report by the end of this week on companies it believes are helping the pipeline project, which could include firms providing insurance, helping to lay the undersea pipeline or verify the project's construction equipment, according to the report.The Reuters reports specifically mentions Zurich Insurance (ZURVY) as a firm that could be listed as a sanctioned company.Nord Stream 2 will be completed despite U.S. pressure, Russia's RIA news agency quoted the Foreign Ministry as saying.The Trump administration has strongly opposed Nord Stream 2, saying it would increase Russia's economic and political leverage over Europe.Gazprom's western partners in

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U.S. tells European firms they face sanctions risk on Nord Stream 2 - Reuters