German Utility Warns That It May Have To Impair Loan If Nord Stream 2 Fails
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German utility Uniper – one of five Western European companies partially funding the Russia-led Nord Stream 2 gas pipeline project – warned on Tuesday that it might have to write down the value of a loan to the project if U.S. sanctions succeed in stifling it. During a call with analysts to discuss Uniper’s first-half performance, the company’s chief executive Andreas Schierenbeck said that sanctions pressure on the pipeline project designed to carry Russian gas to Germany had intensified. “The worst…
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