#NordStream2: While the latest US sanctions don't explicitly target NS2, it includes a provision that can target any Russian person/entity (foreign branches too) if they found responsible for/complicit in cutting/ disrupting gas or energy supplies to Europe, the Caucasus or Asia.
The PEESA sanctions report is due tomorrow - Cherskiy and supply vessels could be potential targets, but there is little room for manoeuvre if one wants to avoid targeting German/European companies.
As the US-Germany negotiations look tedious, buying more time might be futile.
As the US-Germany negotiations look tedious, buying more time might be futile.
🇩🇪 is reluctant to alter its policy and link the completion of NS2 to other issues like escalation in Donbas/Navalny.
Maas: "I am skeptical that halting the NS2 project would lead to a de-escalation by Moscow - in fact it could have the opposite effect."
spglobal.com/platts/en/mark…
Maas: "I am skeptical that halting the NS2 project would lead to a de-escalation by Moscow - in fact it could have the opposite effect."
spglobal.com/platts/en/mark…
The fundamental differences between allies aren't new. In my latest, I take a closer look at the energy projects during the Cold War. If history is any guide, lessons from the past might provide an indication of how to resolve the ongoing crisis over NS2.
css.ethz.ch/content/dam/et…
css.ethz.ch/content/dam/et…
Apologies - due until May 17th!
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