Nord Stream’s insurers have denied that their policies provide cover for gas pipelines damaged by blasts in 2022 because the damage was caused by war, in their written defense to a lawsuit filed at London’s High Court.
Nord Stream is seeking more than 400 million euros ($427 million) from its insurers over the explosions which ruptured pipelines designed to transport Russian gas to Germany.
It named Lloyd’s Insurance Company and Arch Insurance (EU) DAC as defendants in the suit.
Sweden – which in February dropped its investigation – and Germany have both found traces of