In the 24 hours after Putin recognized two breakaway Ukrainian republics, the U.S. and its allies bought $700 million in Russian oil, gas and commodities. @JavierBlas says it'll be business as usual. #Ukraine bloomberg.com/opinion/articl… via @bopinion
"And that's the way it’s going to be — at least for now. The US & its European allies will continue buying Russian nat resources & Moscow will continue shipping them, despite the biggest political crisis between the former Cold War warriors since the collapse of the Soviet Union"
"At this point, neither Moscow nor the US & its allies have an economic, political or military interest in weaponizing oil, gas and other natural resources....The initial round of Western sanctions — and the reaction from the Kremlin — was a reflection of that current posture."
"The company that operates the gas pipeline network of Ukraine tweeted: 'Keep Calm & Transit Gas.'"
"Berlin halted the administrative approval process for (NS2)... In any event, NS2...was unlikely to be approved before the summer. Berlin did not take any action on... NS1, which follows the same route, and has been pumping gas for several yrs. Why not? NS2 is empty; NS1 is full"
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