Biden directs admin to impose sanctions on Nord Stream 2

  • More US sanctions
Nord Stream 2

You can't help but wonder how much all of this is about Nord Stream 2.

US LNG is a direct competitor to Russian natural gas exports.

Ultimately, I expect Russian gas to be redirected to Asia (something already agreed) and for Europe to continue paying premium LNG prices. The loser in all that is Europe, not Russia.

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