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Russian Ministry of Defense: 37 Ukrainian drones destroyed in 4 hours over regions of Russia and the Black Sea.
Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.

France's ENGIE may suffer $1B loss if Nord Stream 2 files for bankruptcy

  • By Al Mayadeen Net
  • Source: Agencies
  • 2 Mar 2022 23:32
2 Min Read

French energy company ENGIE faces is risking a $1 billion loss if Nord Stream 2's operator files for bankruptcy.

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  • ENGIE has helped finance Nord Stream 2 since 2017
    ENGIE has helped finance Nord Stream 2 since 2017

French energy giant ENGIE is facing a financial risk of $987 million if Nord Stream 2 AG, the operator of the Nord Stream 2 gas pipeline, files for bankruptcy.

Russia is currently facing Western sanctions over its decision to launch a special military operation in Ukraine to "protect the Donbass Republics, and to de-Nazify Kiev."

Read more: Russian gas will not be replaced, EU made huge mistake - Former US colonel

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Engie's board of directors announced their decision not to engage in any industrial activities in Russia, and not to partake in any investment in the country.

"Regarding the Nord Stream 2 project, that ENGIE helped finance since April 2017 alongside four other European investors, the Group, as a lender, is exposed to €987million of credit risk which could impact its accounts in the event of Nord Stream 2 filing for insolvency," the company said in a statement. 

ENGIE also said it will support Western sanctions against Russia, even if these sanctions affect gas supplies from Moscow.

"Should European sanctions affect Russian supplies – which account for 40% of all  European gas needs, across all operators - ENGIE would comply with such decision at all levels," the company's statement said, adding that it would "work hand-in-hand with authorities."

French President Emmanuel Macron said on Wednesday that many sectors of France's economy are suffering as a result of the conflict with Ukraine.

"Our agriculture, our industry, many sectors of the economy are suffering and will continue to suffer, either because they depend on primary raw materials imported from Russia or Ukraine, or because they export to these countries," Macron said in a televised address to the French people.

  • Russia
  • Sanctions on Russia
  • France
  • Nord Stream 2

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Almost instantly after the Helsinki Accords were signed, organisations sprouted to document purported violations, whose findings were fed to overseas embassies for international amplification. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

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