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Polish watchdog fines Gazprom $7,59 billion over Nord Stream 2

Christian Fernsby |
Poland's watchdog said it had fined Gazprom more than 29 billion zlotys ($7,59 billion) for building the Nord Stream 2 gas pipeline without its approval.

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The UOKiK watchdog also said it had imposed a 234 million zloty fine on five other firms involved in financing $11 billion project set to double Russia’s gas export capacity via the Baltic Sea.

Nord Stream 2 is led by Gazprom, with half of the funding provided by Germany's Uniper and BASF's Wintershall unit, Anglo-Dutch company Shell, Austria's OMV and Engie.

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