12/18/2019, 12:30 PM (Source: TeleTrader)
more TeleTrader news

Nord Stream 2 sanctions pose risk to Gazprom - Moody's

If imposed, US punitive measures in relation to Nord Stream 2 gas pipeline could put its operator Gazprom at risk, TASS reported on Wednesday, citing a Moody's report. "The Impact [of sanctions] on Gazprom will depend on its ability to complete the construction if its current contractors are to stop participating in the project," Moody's added.

The sanctions could also have an effect on the natural gas giant's financial partners in the project, the financial services company stressed, although it described the impact as "limited," meaning that their ratings would not be significantly revised due to, among other things, loss of future cash flow.

At the moment, however, there is "no indication that the US government will impose sanctions on companies involved," the agency underlined. "We will continue to closely monitor the situation and evaluate potential credit implications if and when more information becomes available," Moody's concluded.

Baha Breaking News (BBN) / GG