The Swiss insurance company Zurich Insurance refuses to participate in Nord Stream 2. This decision was made because of the risk to get under the new US sanctions.
It’s reported by Bloomberg sources.
The U.S. government said earlier that Zurich Insurance risks being put on the list of companies facing sanctions for participation in the project. According to an informed source, U.S. authorities urged such companies to “leave before it’s too late.
It should be noted that the insurance provided by Zurich Insurance covers the construction of the pipeline. But it could face sanctions against those who provide the project with technical certification and insurance.
It should be noted that earlier the Norwegian Det Norske Veritas and the Danish Ramboll left the project for the same reason.
Recall that US sanctions, which came into force on January 1 with the adoption of the defense budget in the US Congress, actually prohibit foreign companies to provide services for testing, inspection, and certification of Russian gas pipelines Nord Stream 2 and Turkish Stream.