German insurance companies Allianz and Munich Re have taken over insurance from Nord Stream, which was halted at the end of September last year due to a pipeline explosion. This was reported by Reuters, citing sources.
German insurers Allianz and Munich Re have taken over insurance cover for the damaged Nord Stream gas pipeline under Russian control.
It should be noted that the policy covers physical damage to infrastructure, as well as economic problems caused by the cessation of activities. According to the agency, thanks to the insurance, the process of repair work necessary to resume gas supply from the bottom of the Baltic Sea to European countries will also be simplified.
One of the interlocutors said that the German authorities did not object to the insurance. Others, in turn, noted that some of Nord Stream’s German shareholders were calling for the pipeline to be preserved if relations with the Russian Federation improve. However, according to Reuters, many German government officials believe such a development is unlikely in the near future.
Earlier, the Russian Federation’s Foreign Ministry said Moscow was disappointed with the vote in the UN Security Council to investigate the terrorist attacks on the Nord Stream. According to the official representative of the Russian Foreign Ministry, Maria Zakharova, Western capitals are afraid of an impartial determination of the truth about the pipeline incident.
Reuters: Germany’s biggest firms take over Nord Stream insurance
