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- Allianz SE ALIZY and Munich Re have renewed insurance coverage protection for the broken Russia-controlled Nord Stream 1 gasoline pipeline, contrasting Germany’s public stance of chopping ties with Moscow.
- Russia has a 51% stake in Nord Stream 1 via a subsidiary of the state-owned power group Gazprom.
- Russia’s overseas ministry has reportedly accused European international locations of attempting to cover the outcomes of their investigations of the Nord Stream gasoline pipeline blasts that occurred in September final 12 months.
- Swedish and different European investigators say the assaults had been carried out deliberately with out mentioning who was accountable. Russia has blamed the explosions on Western sabotage with out offering any proof.
- Citing 5 sources acquainted with the matter, Reuters reported that the insurance coverage revival was not dominated out after an alleged sabotage assault.
- The German authorities had not opposed the duvet. Most Western buyers have written off their stakes within the pipeline.
- A few of Nord Stream’s German shareholders favor at the least preserving the broken pipeline in case relations with Moscow enhance, the report added.
- Earlier than Russia invaded Ukraine final February, Nord Stream 1 was insured by a number of European underwriters, together with some from the Lloyd’s of London market, sources advised Reuters.
- Picture through Wikimedia Commons
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