Posted on Feb 8, 2022
Biden says the Nord Stream 2 pipeline won't move ahead if Russia invades Ukraine
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https://www.npr.org/2022/02/07/ [login to see] /biden-says-the-nord-stream-2-pipeline-wont-move-ahead-if-russia-invades-ukraine
President Biden and German Chancellor Olaf Scholz said during a joint news conference on Monday that they are in complete agreement on sanctions against Moscow if diplomacy fails and Russia invades Ukraine again.
That includes working together to stop the Nord Stream 2 gas pipeline — a multibillion-dollar vein that runs from Russia to Germany.
The pipeline is not yet operational but has emerged as a key issue in the standoff.
Russia is one of the world's largest producers of natural gas; Germany is one of the largest importers of that commodity.
"If Russia invades, that means tanks or troops crossing the border of Ukraine again, there will no longer be a Nord Stream 2," Biden said. "We will bring an end to it."
Asked how the U.S. would ensure that, Biden did not offer specifics: "I promise you: We will be able to do it." It's a point Biden administration officials have stressed in recent weeks.
President Biden and German Chancellor Olaf Scholz said during a joint news conference on Monday that they are in complete agreement on sanctions against Moscow if diplomacy fails and Russia invades Ukraine again.
That includes working together to stop the Nord Stream 2 gas pipeline — a multibillion-dollar vein that runs from Russia to Germany.
The pipeline is not yet operational but has emerged as a key issue in the standoff.
Russia is one of the world's largest producers of natural gas; Germany is one of the largest importers of that commodity.
"If Russia invades, that means tanks or troops crossing the border of Ukraine again, there will no longer be a Nord Stream 2," Biden said. "We will bring an end to it."
Asked how the U.S. would ensure that, Biden did not offer specifics: "I promise you: We will be able to do it." It's a point Biden administration officials have stressed in recent weeks.
Biden says the Nord Stream 2 pipeline won't move ahead if Russia invades Ukraine
Posted from npr.org
Russia
Ukraine
Oil
Oil and Energy
Energy
Posted 3 y ago
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Good post. It is also important to note that Nord Stream 2 was not just a US-Russia issue. The reluctance to sanction the project also involved the positions of EU stakeholders.
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I wish I could say it was smart of Biden to allow the Nord project to go ahead so he could use it as leverage in cases like this however at the same time Europe is slowly becoming dependent on Russian energy. This I feel will push many European countries to align with Russia and thus limit our options in the future once the Nord's go online.
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