Overview
- Hungarian Foreign Minister Péter Szijjártó said the transition has started and stated the company’s operations face no sanctions constraints.
- The Amsterdam District Court ordered the seizure of South Stream Transport’s assets on Monday, according to the reports.
- TASS reported the action is linked to enforcement efforts by Ukraine’s DTEK Krymenergo tied to a 2023 arbitration award against Russia.
- Earlier steps in the Netherlands included orders targeting funds at ABN Amro and an August ruling that refused to lift those restrictions.
- South Stream Transport operates the TurkStream offshore pipeline carrying Russian gas across the Black Sea to Turkey and European markets.