Operator Nord Stream 2 lays off almost 150 employees

in Switzerland. The company and its CEO Warnig were on the SDN sanctions list:

After the suspension of the certification of the Nord Stream 2 gas pipeline and the imposition of US sanctions against the operator company Nord Stream 2 AG, the company fired all its staff in the Swiss city of Zug, Swiss Economy Minister Guy Parmelin said on RTS radio.

“Today we learned that all the staff who work at Nord Stream in Zug, that is, more than 140 people, were fired,” Parmelen said (quoted by RIA Novosti).

Biden ordered to impose sanctions against the operator of Nord Stream 2 Politics

The US sanctions against Nord Stream 2 AG are related to the recognition by Russian President Vladimir Putin of the independence of the Donetsk and Luhansk People's Republics. In addition to the company, the restrictions affected its chief executive Matthias Warnig.

The company and Warniga were placed on the SDN sanctions list, which provides for the blocking of assets and isolation from the DOLLAR system. In addition, the Office of Foreign Assets Control (OFAC) of the US Treasury published a document according to which investors must complete transactions with the gas pipeline operator and companies controlled by it by 12:01 US East Coast time (7:01 Moscow time) on March 2, 2022.

Work with obstacles: a chronicle of the construction of Nord Stream 2