Tuesday, March 1, 2022

Nord Stream 2: operating company lays off all personnel

 The operating company of the contentious pipeline has announced that it discharges all 140 employees, BILD:

Does this mark the end of the Putin pipeline?

According to Swiss Economy Minister Guy Parmelin, the operating company Nord Stream 2 has laid off all employees. The company is based in the tax-efficient Swiss canton of Zug.

As Parmelin explained on Monday evening on French-speaking Switzerland television, 140 people were affected by the dismissal. The company asked for a meeting with representatives of the cantonal authorities this Tuesday, the broadcaster reported.

Last week, the United States imposed sanctions on Nord Stream 2 AG, prohibiting further business with the company. The German federal government has put the approval process for Nord Stream 2 on hold in view of the Russian escalation in Ukraine.

Nord Stream 2 is a subsidiary of the Russian gas company Gazprom and is headquartered in Zug, a good 30 kilometers south of Zurich. The pipeline that was laid and completed through the Baltic Sea was supposed to bring Russian gas to Germany.

The project was also supported by former Chancellor Gerhard Schröder (77), who, as a friend of Russia's warmonger Vladimir Putin, has been lobbying on his behalf for years. He is the head of the supervisory board at the oil giant Rosneft, has a top position at Nord Stream and is actually supposed to become a supervisory board member at the Gazprom group.

On Tuesday it became known that four employees from Schröder's former chancellor's office had quit - including the long-standing office manager Albrecht Funk. The reason: Schröder's failure to distance himself from Putin.

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