Latest on the suspected Russian attack on Baltic Sea gas pipelines:
There is now a consensus that the 🇩🇰PM's assessment is correct, this was deliberate sabotage. The question is, how can 🇪🇺 respond to a Russian attack in EU waters?
There is now a consensus that the 🇩🇰PM's assessment is correct, this was deliberate sabotage. The question is, how can 🇪🇺 respond to a Russian attack in EU waters?
https://twitter.com/vonderleyen/status/1574856534064041996?s=20&t=j1WhJDSFYsic8sq0naPBCg
The first response is that European countries are this morning rushing to protect their energy infrastructure from Russian attack.
There is particular fear about floating LNG terminals, the lifelines to get non-Russian gas this winter.
There is particular fear about floating LNG terminals, the lifelines to get non-Russian gas this winter.
The second response is that EU navies will have to be activated to protect maritime assets from Russian attacks.
The energy cold war just turned into an energy hot war, as Politico notes.
politico.eu/article/baltic…
The energy cold war just turned into an energy hot war, as Politico notes.
politico.eu/article/baltic…
The 3rd response we will see at the emergency energy ministers meeting in Brussels on Friday.
Urgency seemed to be waning as #GasPrices in Europe went down this month and #Russia was running out of ways to cause market mischief. This attack has caused gas prices to go up again.
Urgency seemed to be waning as #GasPrices in Europe went down this month and #Russia was running out of ways to cause market mischief. This attack has caused gas prices to go up again.
We were not expecting the Commission to put a gas price cap proposal on the table for energy ministers to approve on Friday.
But now following the suspected Russian pipeline attack it looks like the Commission may adopt a gas price cap proposal this afternoon. Watch this space.
But now following the suspected Russian pipeline attack it looks like the Commission may adopt a gas price cap proposal this afternoon. Watch this space.
The scary thing is, the explosions happened so deep underwater we may never know who did this.
Though 🇷🇺seems the obvious suspect, this would seem an act of self-sabotage for them. On the other hand you have Western allies (🇵🇱🇺🇸🇪🇪🇱🇻🇱🇹) who have always wanted these pipelines gone
Though 🇷🇺seems the obvious suspect, this would seem an act of self-sabotage for them. On the other hand you have Western allies (🇵🇱🇺🇸🇪🇪🇱🇻🇱🇹) who have always wanted these pipelines gone
But risk/reward calculation for any Western ally to do this doesn't make sense.
The false flag theories are all over the place this morning. But the risk of this being exposed, destroying Western alliance, is far bigger than the reward of destroying a pipeline that's dead anyway
The false flag theories are all over the place this morning. But the risk of this being exposed, destroying Western alliance, is far bigger than the reward of destroying a pipeline that's dead anyway
I should say a word about this clip of Biden doing the rounds.
At the time, I took it to mean 🇩🇪 had assured 🇺🇸 behind closed doors #NordStream2 would be killed if 🇷🇺 invaded 🇺🇦, but didn't want to say so publicly.
I still think that's probably the case.
At the time, I took it to mean 🇩🇪 had assured 🇺🇸 behind closed doors #NordStream2 would be killed if 🇷🇺 invaded 🇺🇦, but didn't want to say so publicly.
I still think that's probably the case.
We now know the explosions blowing open the undersea pipelines bringing Russian gas to Europe were man-made sabotage. What we don't know is who did it
No country has a clear risk/reward motivation at this time. But it may be Putin trying to rattle markets fortify nuclear threats
No country has a clear risk/reward motivation at this time. But it may be Putin trying to rattle markets fortify nuclear threats
What is clear is that the #NordStream attack will harden resolve at Friday's emergency meeting of EU energy ministers in Brussels to adopt unprecedented energy measures, and to mobilise EU militaries to defend energy infrastructure.
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