At least 18 European companies withdrew from the Nord Stream 2 project due to the threat of US sanctions.
According to the German newspaper Tagesspiegel, citing the report of the US Secretary of State to Congress, the insurance company Munich Re Syndicate Limited, the supplier of industrial and construction services Bilfinger, Zurich Insurance Group and Axa Group were among their projects.
Nord Stream 2 envisages the construction of two strings of a gas pipeline with a total capacity of 55 billion cubic meters of gas a year from the Russian coast through the Baltic Sea to Germany. The United States, as well as Ukraine and a number of European countries, actively oppose the project. Germany supports the completion of the gas pipeline and rejects unilateral extraterritorial US sanctions.
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