Nord Stream 2 completed, Biden’s new Kabul

As also written on this blog on Thursday Gazprom announced on Thursday the completion of Nord Stream 2, the gas pipeline under the Baltic Sea that directly cuts off the natural gas transit routes between Poland and Ukraine.

Who are the winners and losers of this story is easy to understand, just read a map:

Europol and UPU are losing importance with respect to the two Nord Stream gas pipelines and to the routes that come from the south, through the Black Sea and Turkey, without counting the untracked ones that reach Italy from fields in the eastern Mediterranean. Here the new energy steel pact between Berlin and Moscow wins:

• Germany has secured an energy source at affordable prices, also because it does not pay the transit rights in Belarus, Poland, Hungary and Ukraine. From producer to consumer;
• Russia increases its weight as Europe's energy supplier. Not only that, but at this point there is a point of strong political pressure towards Berlin, especially at a time when natural gas prices are skyrocketing and this winter this will be the hot topic (ironic…) throughout the Union. Not surprisingly, Gazprom has now seen an 84% increase in natural gas revenues this year;

Who loses in this confrontation? Biden.

• He practically surrendered to Moscow and Berlin, renouncing to apply economic or industrial sanctions against German companies in exchange for a small contribution (176 million) from Germany to Kiev for the development of hydrogen, immediately refused by Ukraine. The commitments to "Do not transfer transits from Ukraine to Nord Stream" are paper promises, and the sanctions promised by the US to Moscow in the case of political use of gas a chimera. Russia and Germany have no interest in paying transit fees to third parties.
• Trump at least tried to hinder the completion of this work, and at least he delayed it. Biden literally surrendered, just like in Afghanistan;
• Just as in Afghanistan it has abandoned its main allies in the area, namely Poland and Ukraine. While Warsaw is still experiencing a moment of growth and may abandon the revenues from the transit of pipelines, the resulting seven billion dollars a year are essential for Kiev. The Ukrainian leadership cannot even take a plane and flee, as the Afghan government has done. In the end they were betrayed on all lines, by the EU, NATO and the US, and with the next elections a Belarusian drift is more likely.

At this point Carter, the Democratic president of the late 1970s swept away by the Iranian crisis, looks like a colossus compared to Biden. A decadent president for a United States that has lost its way in the world.

---

---

TheNord Stream 2 articlecompleted, Biden's new Kabul comes from ScenariEconomici.it .

---

This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/nord-stream-2-completata-nuova-kabul-di-biden/ on Sun, 12 Sep 2021 08:05:10 +0000.