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Biden's refusal of sanctions on “Nord Stream 2” was explained in the USA




The refusal of US President Joe Biden from sanctions against Nord Stream 2 is due to the issue of protecting American companies. This opinion was expressed by the columnist for the American Foreign Policy magazine Elizabeth Brow.





She noted that the Nord Stream 2 agreement between Biden and German Chancellor Angela Merkel only looks like Washington and Berlin have teamed up to please Moscow, leaving Kyiv aside.

But there is another reason that forced Biden to do this, and it is more connected with American companies than with a lack of sympathy for Ukraine: US sanctions against companies allow other countries to impose sanctions on American companies, the author of the publication believes.

She stressed that there is China in the world, a powerful country that is capable of imposing unilateral sanctions against American companies. Beijing could have taken such a step if it did not like the US contracts with Asian countries, says Brow. And then the US government would have no arguments, since Nord Stream 2, in turn, is also legal under Russian and German laws.

As a result, the contracts of American companies could not be insured, since insurance companies would hardly want to start a dispute with Beijing. The Brow is confident that Biden “thought a lot” before concluding the agreement on Nord Stream 2.

However, the insurances outweighed. Without them, the United States can say goodbye to a functioning private sector. And if Biden did not consider the issue of insurance, he should have done so before introducing new unilateral sanctions, the columnist emphasized.


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TAGS: JOE BIDEN, SANCTIONS, NORD STREAM 2, ANALYTICS NEWS

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