--German insurers Munich Re AG and Allianz SE have renewed cover for the Nord Stream 1 natural-gas pipeline, which is 51%-owned by Russian state-owned energy company Gazprom PJSC and was damaged in September after alleged sabotage, Reuters reports, citing unnamed sources.

--The insurance policy covers damage to the pipeline and business-interruption issues, and would facilitate potential repairs to resume gas deliveries, according to Reuters.

--The German government didn't oppose the move despite its public stance of cutting ties with Russia, Reuters reports, citing one of the sources.

Full story: https://reut.rs/3ZFJCXa

Write to Christian Moess Laursen at christian.moess@wsj.com

(END) Dow Jones Newswires

April 04, 2023 06:30 ET (10:30 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
Allianz (TG:ALV)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Allianz Charts.
Allianz (TG:ALV)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Allianz Charts.