Nord Stream 2 terminates contracts with employees following sanctions

Logo of the Nord Stream 2 gas pipeline project is seen on a large diameter pipe
The logo of the Nord Stream 2 gas pipeline project is seen on a large diameter pipe at the Chelyabinsk Pipe Rolling Plant owned by ChelPipe Group in Chelyabinsk, Russia, February 26, 2020. REUTERS/Maxim Shemetov

MOSCOW, March 1 (Reuters) - The operator of the Russia-led gas pipeline project Nord Stream 2 said on Tuesday it had to terminate contracts with employees because of U.S. sanctions.

The United States imposed sanctions on Nord Stream 2 AG last week after Russia recognised two breakaway regions in eastern Ukraine prior to its invasion of the country. A wave of economic sanctions by the West has followed. read more

"Following the recent geopolitical developments leading to the imposition of U.S. sanctions on Nord Stream 2 AG, the company had to terminate contracts with employees. We very much regret this development," it said in an emailed statement.

Reporting by Reuters; Editing by Edmund Blair

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