Another Pre-Summit Dividend — No Sanctions on Nordstream 2, by Tom Luongo

It looks like the Nordstream 2 pipeline will go through without US sanctions. From Tom Luongo at

I hate to say “I told you so,” but, “I told you so.”  There will be no sanctions on the Nordstream 2 pipeline.  The reason is because sanctions won’t stop the project at this point.

Sputnik is reporting that the U.S. has told the German Economic Ministry there will be no sanctions on Russian pipeline projects.

If true then this is an indication that just about reached the peak of Trump’s full-court press on the economic health of the planet through financial control.   I’ve been steadfast in my position that sanctions are not only an act of war but also, ultimately, have limits.

And once those limits are reached all that is left is the face-saving.  And since the first rule of being a politician is never back down no major policy can be reversed without a means to save face.

Look at the situation Angela Merkel is facing in Germany.  She can’t cave on Nordstream 2 because she will look like a weak U.S. quisling (which she is).  She can’t reverse sanctions on Russia over Crimea because there has been no movement towards implementing the Minsk II accord.   And she can’t back down over her immigration policy because it would betray the people who put her in power — the Soros Set.

Trump has used this to pressure her ruthlessly on trade issues and NATO funding.

As for Trump, he’s not said much directly about Nordstream 2.  Members of his administration have, especially State Department Spokesperson Heather Nauert.   They are the ones who would have to eat crow over Nordstream 2, not Trump.

Trump has made it clear he doesn’t like the project but I think that’s more about his desire to bring Germany low rather than stifle Russia.  The worry is that Germany, through Nordstream 2 and no more supply coming from Ukraine, would then control eastern European politics by having control of their gas supplies.

This, I believe, is now the main focus for Poland in their fight to retain some semblance of sovereignty from the EU.  This is why Poland continues to overpay for Qatari and U.S. LNG as well as invest in a new pipeline from Norway.

But, that said, Trump knows that Europe’s future gas market is big enough to ensure, if indirectly, a market for U.S. LNG.  So, Russia’s dominance in Europe is not something he can compete with in the long run.

To continue reading: Another Pre-Summit Dividend — No Sanctions on Nordstream 2


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