The company domiciled in the canton of Zug has obtained the final composition stay for a period of six months, according to a notice published in the Swiss Official Gazette of Commerce (Fosc).
This procedure, which runs until July 10, aims to reach an agreement for the repayment of the debtor’s debts.
Nord Stream 2, a subsidiary of Russian giant Gazprom, completed last year the construction of its 1,230 kilometer, $11 billion undersea gas pipeline, which is supposed to transport Russian gas to Germany. But in the spring, Berlin froze the permit procedure in response to the invasion of Ukraine by Russian troops.
The installation as well as that of Nord Stream 1 had been damaged in September by explosions.
The United States has also imposed sanctions on the company, with which they have prohibited any new transaction, a decision which has led to financial difficulties for the latter.
