Assessment: Russia’s incursion into Ukraine would be remembered as a footnote in history if Joe Biden would reverse course on three additional Trump policies: open up both the Keystone and EastMed pipelines and drill baby drill!
As expected (and detailed below), the Biden administration has decided to reverse last year’s decision to waive sanctions on the corporate entity and CEO behind the Nord Stream 2 pipeline, reverting to former President Trump’s sanctions policy on the critical pipeline.
Full Statement from The White House:
Since Russia began deploying troops to the Ukrainian border, the United States has worked closely with our Allies and partners to deliver a strong, unified response. As I said when I met with Chancellor Scholz earlier this month, Germany has been a leader in that effort, and we have closely coordinated our efforts to stop the Nord Stream 2 pipeline if Russia further invaded Ukraine.
“Where there is no guidance the people fall, But in abundance of counselors there is victory.” Proverbs 11:14
(Nord Stream II)
Yesterday, after further close consultations between our two governments, Germany announced that it would halt certification of the pipeline. Today, I have directed my administration to impose sanctions on Nord Stream 2 AG and its corporate officers. These steps are another piece of our initial tranche of sanctions in response to Russia’s actions in Ukraine. As I have made clear, we will not hesitate to take further steps if Russia continues to escalate.
Through his actions, President Putin has provided the world with an overwhelming incentive to move away from Russian gas and to other forms of energy. I want to thank Chancellor Scholz for his close partnership and continued dedication to holding Russia accountable for its actions.
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