“It was a bad signal from the Biden administration — that gave the pipeline a green light.”
German Chancellor Angela Merkel and President Biden take the stage for a joint news conference at the White House on July 15.
Those were “the sanctions that could have stopped it,” former U.S. Ambassador John Herbst, now director of the Eurasia Center of the Atlantic Council, told Yahoo News. “And they lifted those sanctions. For zip.” Kremlin spokesman Dmitry Peskov, when recently asked about the price surge and if Russia planned to sell more gas to Europe, coyly told reporters, “Undoubtedly, the quickest launch of Nord Stream 2 would significantly balance out the pricing parameters of natural gas in Europe, including on the spot market.”
Permitting the Nord Stream 2 pipeline to become functional “is a mistake from so many angles,” said Herbst. “I understand that Biden wants to be the anti-Trump. Trump was mean to Merkel. Biden wants to make up with Merkel. That’s a good idea in principle, but not by giving Germany something that is bad for the U.S., bad for Germany and bad for Europe. It’s a strategic mistake of the first order.
Now Schröder is chairman of the board of Russia’s state-owned oil company Rosneft as well as chairman of the shareholders’ committee of Nord Stream 2, Åslund added. And Schröder, he said, is only one of a number of German, Austrian and other European officials who still exert considerable political power in their countries and end up in handsomely paid positions on Russia’s corporate boards — an entirely legal practice, but one that he believes co-opts European unity and strength.
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