Miami Financier Stephen P. Lynch Seeks U.S. Approval to Bid on Sabotaged Nord Stream 2 Pipeline

Nov 22, 2024, 07:59 AM

Stephen P. Lynch, a Miami financier and American investor with a history of dealmaking in Russia, has asked the U.S. government for permission to bid on the sabotaged Nord Stream 2 gas pipeline if it comes up for auction. Lynch, who lived in Moscow for 20 years and participated in the dismantling of Yukos, believes that acquiring the pipeline would serve long-term U.S. interests. He argues that after the war, it will be tempting for both Russia and its former customers to turn on the pipeline, regardless of who owns it. Lynch, who prefers to stay under the radar, has raised questions about who might be backing his bid.