5/30/2023 0 Comments Biden brave new worldand other European allies had promised.īehind the scenes: A senior U.S. Germany's economy is highly reliant on Russian gas, which had raised questions about Berlin's willingness to stand up to Moscow with the harsh sanctions that the U.S.has long held the position that Nord Stream 2 is a malign Kremlin geopolitical influence project that would increase Europe's reliance on Russian gas, but President Biden allowed construction to proceed last year in order to repair relations with Germany. Why it matters: It's a stunning turn of events for the $11 billion, Russia-to-Germany natural gas pipeline, which Scholz had long resisted naming as a potential sanctions target if Russia invaded Ukraine.īetween the lines: Ukraine views the Putin-backed project as an existential threat to its security, as it would deprive the country of billions of dollars in gas-transit fees and allow Russia to deliver gas directly to the heart of Europe. German Chancellor Olaf Scholz announced Tuesday that the certification process for the Nord Stream 2 pipeline will be halted, saying that "the situation has fundamentally changed" after the Kremlin ordered troops into eastern Ukraine.
0 Comments
Leave a Reply. |