Nord stream 2

Will US businesses profit from a return to the Russian market?

Rome Will peace in Ukraine also prove to be a great deal for US business? Vladimir Putin would certainly like Donald Trump to think so. Within days of Trump’s election victory last November, the Kremlin ordered major Russian corporations to prepare detailed proposals for economic cooperation with Washington. Coordinating these efforts were Maxim Oreshkin, deputy head of Putin’s presidential administration, and Kirill Dmitriev, the US-educated Harvard, Stanford and Goldman Sachs alumnus who heads Russia’s sovereign investment fund.

Germany’s folly: Berlin has miscalculated on Russia and China

The notion that closer trade connections with the West will necessarily set less enlightened nations on a course toward prosperity and liberty is nonsense, but convenient nonsense. Germans have a phrase for it — Wandel durch Handel, change through trade — often given as a justification for their business dealings with Russia and China. Unfortunately, the change they triggered was in Germany. In one case it has been for the worse; in the other it appears to be headed that way. To start with Russia, it’s true that Germany’s ultimately disastrous dependency on natural gas from the east has its origins in the Ostpolitik years: by 1989 the Soviets were supplying West Germany with around a third of its gas.

germany

Who REALLY blew up the Nord Stream pipelines?

Four days have passed since the Nord Stream pipelines mysteriously ruptured in the Baltic Sea, just outside of NATO territory. Sabotage is suspected. Many in the West blame Vladimir Putin; others, such as Tucker Carlson, Radek Sikorski and, er, Vladimir Putin, blame America. But to truly solve this mystery, Cockburn thinks circumstances require us to cast the net a little wider. Here are some potential saboteurs deserving of further scrutiny. Greta Thunberg How dare we! The gray Swedish doom-gremlin has dedicated much of the last years to warning us of the looming Armageddon, traipsing from the UN to Davos to COP26. Is it farfetched to suggest that Thunberg might take dramatic steps to ensure her cause is the only option on the table?

nord stream

Did Russia sabotage its own pipelines?

From our UK edition

It almost seems worthy of the opening scene in a Bond film. Vital Russian gas pipelines running beneath the Baltic Sea close to Denmark and Sweden are the victims of sabotage. The two countries have warned of leaks from both Nord Stream 1 and 2 after seismologists suggested there had been underwater explosions. No one wants to claim credit for the deed – yet. Who is the Blofeld behind this dastardly scheme? Former Polish foreign minister Radek Sikorski, no fan of Russia, sardonically declared on Twitter, ‘Thank you, USA’. That set the conspiracy theorists off. As has a video resurfacing of Joe Biden in February promising America would put an end to Nord Stream 2.  Who is the Blofeld behind this dastardly scheme?

Angela Merkel’s legacy crumbles

Angela Merkel is one of the most recognizable names in modern politics and probably the only German chancellor since post-war leader Konrad Adenauer that Americans will remember. Merkel was the leader of the center-right CDU party and head of the German government for a full 16 years, making her one of the longest-serving chancellors in German history as well as the first woman to hold the post. Now the full scale of her disastrous reign is becoming clear. Following the nuclear power plant incident at Fukushima in 2011, Merkel began Germany's "Energiewende" (energy shift), intending to phase out of all of Germany's nuclear plants in favor of renewables.

merkel retirement

Europe’s ‘green’ transition put it at Russia’s mercy

Germany’s “halt” on the certification of the Nord Stream 2 pipeline on Tuesday is a classic case of too little, too late — a fact made all the more painfully clear in light of Russia’s invasion of Ukraine. Oil and gas still flow through Nord Stream 1 and many other Russian pipelines to Europe, and the continent has no choice but to keep importing the fossil fuels that finance Vladimir Putin’s offensive. We all saw this coming. Europe’s supposed “green” energy transition disregarded energy security and common sense, and Ukraine is now paying the price. The world will never tackle climate change if it's in a constant state of geopolitical energy insecurity, relying on authoritarian regimes like Russia and China to meet its basic needs.

It’s too late to break Europe’s gas reliance on Russia

From our UK edition

So, Nord Stream 2 will not be plugged into Germany’s gas grid. A little surprisingly, Chancellor Olaf Scholz has been first out of the blocks this morning in the western economic response to Putin’s recognition of breakaway states in eastern Ukraine. The block is not total: what Scholz says is that the certification process for the pipeline will be halted — leaving open the possibility that it might, after all, be connected if Putin starts to behave himself, or Germany becomes especially desperate for gas. Nevertheless, it is a significant move which will have an economic impact on Russia. But it is astonishing that the project was ever allowed to come this far in the first place.

What really happens if Russia invades Ukraine?

From our UK edition

Russia will pay an enormous price if it invades Ukraine, whether it goes for the whole country or only the eastern region around Donbas. Vladimir Putin has already assembled well over 100,000 troops near Ukraine’s borders, moved in tanks, heavy artillery and aircraft, and brought in the medics and blood supplies needed to deal with casualties. Western governments have evacuated all but essential diplomatic personnel and told their citizens to get out now. Still, no one knows what Putin has decided, or even if he has decided. Visits to Moscow by senior western politicians have yielded little information and no diplomatic solution. The message seems to be that Putin remains uninterested in a compromise.

The EU is failing to stand up for eastern Europe

From our UK edition

Will the EU stand up for eastern Europe? This question is now being asked by Ukraine following the announcement of a deal between Germany and the USA which paves the way for the completion of the controversial Nord Stream 2 gas pipeline between Russia and western Europe. The deal reached by Merkel and Biden may have placated critics in Washington, but it has failed to allay eastern European concerns over the security implications of the project. The state most affected by Nord Stream 2, Ukraine, has now requested urgent consultations with the European Commission and the German government, adding an air of legal weight to its complaints by invoking provisions of its ‘Association Agreement’ with the EU.

Biden’s backhanded bid to kill Nord Stream 2

From our UK edition

Washington, D.C. is universally known as a town divided, a place where compromise and dialogue are often sacrificed at the altar of competing agendas. But on one issue, at least, there is consensus: the 764-mile Nord Stream 2 pipeline that will pump Russian natural gas into Germany is a project that must be stopped. And the United States needs to use all of the economic and diplomatic tools at its disposal to do it. In both congressional testimony and in meetings with Nato allies, U.S. Secretary of State Antony Blinken has reiterated the official U.S. view that Nord Stream 2 is 'a bad deal' for Europe, a potential cash windfall for Russia, and a potential geopolitical coup for Vladimir Putin.