An American businessman, Stephen Lynch, who previously worked closely with Rosneft, Russia's state oil company, is aiming to buy a Swiss company that controls Russia's controversial Nord Stream 2 natural gas pipeline, according to U.S. Treasury and other documents obtained by The Washington Post.
Lynch's proposal could pave the way to reactivating the pipeline, which links Russia and Germany if a cease-fire is reached in the ongoing war in Ukraine. This move comes as Europe braces for President-elect Donald Trump to advocate for negotiations between Moscow and Kyiv, and as German Chancellor Olaf Scholz tries to position himself as a peace mediator. Scholz even spoke with Russian President Vladimir Putin last week for the first time in nearly two years.
Lynch describes his acquisition plan as a way to "de-Russify" the pipeline and bring it under American control, according to documents, including an application sent in February to the U.S. Treasury’s Office of Foreign Assets ...
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