Anti-competitive?
It also appears to be a strategic blunder by alienating US vassals allies.
[US] Lawmakers have already approved sanctions against the joint Russian-Western European energy project in two must-pass defence bills in late 2019 and late 2020, with the restrictions threatening companies working on the pipeline network with crushing “and potentially fatal” consequences. Moscow has promised that the project would be completed.Sputnik International
Washington Names Criteria for New Nord Stream 2 Sanctions
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Washington is actively obstructing the construction of Nord Stream 2 due to the promotion of its liquefied natural gas into the EU. Many project participants are on the US sanctions lists, but Russia and Germany continue to lay it.SouthFront
Biden himself had publicly called the pipeline a “bad deal for Europe,” and a sanctions package on the project is continuing to be work in progress.
The German government and businesses have repeatedly said they will not abandon the Nord Stream 2 project, despite US sanctions.
U.S. To Keep Sanctioning Nord Stream 2, As Completion Nears
Sure looks anti-competitive to me.
4 comments:
49% owned by BASF....
US taking on some of Europe's biggest businesses. European business has already lost billions over sanctions on Russia, whereas the US is relatively untouched since few US firms do business in Russia. Most significantly, Russia (and Turkey) have turned away from Europe to Asia after their advances have been consistently rebuffed. European forms are pressuring their governments over this, and Germany is digging in Nord Stream 2.
BASF News Release
Nord Stream 2 is a joint venture between Russia’s Gazprom, Germany’s Uniper and Wintershall, France’s ENGIE, Austria’s OMV, and the UK-Dutch conglomerate Royal Dutch Shell. Once finished, the pipeline network will be able to carry up to 55 billion cubic meters of gas per year from Russia to Germany, with the system also capable of carrying clean hydrogen. According to former German-chancellor-turned Nord Stream 2 AG chairman Gerhard Schroeder, the pipeline network will help assure German energy security for “generations” to come. —Sputnik
Shareholders and Financial Investors
What does it take for vassals to stand up for themselves?
“US taking on some of Europe's biggest businesses.”
Well they just shit canned Astra Zeneca and approved J&J because their vax program has been shit...
We’re easily going to beat them getting back open with Pfizer and Moderna and now J&J....
Whole nordstream thing is big waste of time we are going to get economical hydrogen from water via nextgen nuclear...
Legacy petrochemical Russia and German petrochemical industrials grasping for straws...
Technologists in intelligentsia working to avoid war ... AGAIN... via alternative energy sources that avoid territorial conflicts...
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