Sanctions hit Zug jobs already

(c) Pjotr Mahhonin

The sanctions against Russia are beginning to have an impact in Switzerland. All 140 staff who work at the headquarters of the Nord Stream 2 pipeline in Zug have been made redundant.

The news of the job losses was announced by the Federal Councilor Guy Parmelin during a television interview. 

The pipeline company belongs to the Russian energy giant Gazprom.

Last week Germany stopped the certification of the new line which runs more than a thousand kilometers in the Baltic Sea. 

The company in Zug is not responding to requests for comment. 

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