American investor Stephen P. Lynch has expressed an interest in buying the Nord Stream 2 pipeline if it is put up for auction as part of the bankruptcy proceedings in Switzerland, The Wall Street Journal reports.
“An American investor with a history of dealmaking in Russia has asked the U.S. government to allow him to bid on the sabotaged Nord Stream Pipeline 2 if it comes up for auction in a Swiss bankruptcy proceeding,” the report said.
According to sources cited by the newspaper, Lynch expressed determination to buy the $11 billion Nord Stream 2 pipeline and applied to the US Treasury in February for a license to negotiate its construction with entities under US sanctions, noting that many investors might avoid the auction due to the difficult geopolitical situation.
Lynch has advocated to US officials and lawmakers that owning the pipeline would give the United States a powerful tool in negotiating peace with Russia to resolve the conflict in Ukraine, while also supporting broader American strategic objectives.
Hellbound and Down 