{"id":12917,"date":"2021-03-05T06:00:33","date_gmt":"2021-03-05T14:00:33","guid":{"rendered":"http:\/\/victorhanson.com\/wordpress\/?p=12917"},"modified":"2021-03-04T17:55:34","modified_gmt":"2021-03-05T01:55:34","slug":"do-bidens-tough-new-sanctions-give-putin-nord-stream-2","status":"publish","type":"post","link":"https:\/\/victorhanson.com\/wordpress\/do-bidens-tough-new-sanctions-give-putin-nord-stream-2\/","title":{"rendered":"Do Biden’s ‘tough new sanctions’ give Putin Nord Stream 2?"},"content":{"rendered":"\n

An article by my Hoover colleague Dr. Paul Gregory in The Hill <\/p>\n\n\n\n

Western media<\/a> is greeting the Biden administration\u2019s Russian sanctions as \u201csignaling a tougher stance on Russia than under former President Donald Trump.\u201d Vladimir Putin<\/a> likely thinks otherwise.<\/p>\n\n\n\n

It looks as if the Biden administration has blinked on Putin\u2019s key foreign policy objective \u2014 the completion and operation of the Nord Stream 2<\/a> pipeline, delivering Russian gas to Europe. The sanctioning of a few Kremlin officials is petty change compared to the decade-long profitable effects of Russian pipeline politics.<\/p>\n\n\n\n

Indeed, the new U.S. sanctions do freeze foreign assets and impose travel restrictions on a number of Russian officials<\/a> associated with the attempted poisoning and sham imprisonment of Putin opponent Aleksei Navalny<\/a>. Yes, these are significant figures in the Kremlin hierarchy (the chief prosecutor and the head of internal security forces), but they are not the inner-circle kleptocrats that Navalny\u2019s team wanted to see sanctioned.<\/p>\n\n\n\n

Largely overlooked in media coverage is that the Russian ruble strengthened after the announced sanctions. Why? As the Russian news service TASS reported<\/a>, notably missing from Biden\u2019s actions were new sanctions against the Nord Stream 2 undersea pipeline connecting Russia\u2019s northern gas fields directly to Germany.<\/p>\n\n\n\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

An article by my Hoover colleague Dr. Paul Gregory in The Hill Western media is greeting the Biden administration\u2019s Russian sanctions as \u201csignaling a tougher stance on Russia than under former President Donald Trump.\u201d Vladimir Putin likely thinks otherwise. It looks as if the Biden administration has blinked on Putin\u2019s key foreign policy objective \u2014 the completion and operation […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[1],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p466Sb-3ml","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":13432,"url":"https:\/\/victorhanson.com\/wordpress\/biden-gives-putin-the-nord-stream-prize-and-gets-nothing-in-return\/","url_meta":{"origin":12917,"position":0},"title":"Biden gives Putin the Nord Stream prize and gets nothing in return","author":"victorhanson","date":"May 21, 2021","format":false,"excerpt":"An article by my Hoover colleague Dr. Paul Gregory in The Hill Much has been made of\u00a0President Biden\u2019s\u00a0comment\u00a0that \u201cNord Stream 2 is a bad deal for Europe.\u201d Yet with the\u00a0announcement\u00a0by Secretary of State\u00a0Antony Blinken\u00a0that Nord Stream 2 sanctions are not in the U.S. national interest and will be waived, the\u2026","rel":"","context":"With 3 comments","block_context":{"text":"With 3 comments","link":"https:\/\/victorhanson.com\/wordpress\/biden-gives-putin-the-nord-stream-prize-and-gets-nothing-in-return\/#comments"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11661,"url":"https:\/\/victorhanson.com\/wordpress\/merkel-salvages-nord-stream-but-is-putin-losing-russias-gas-monopoly\/","url_meta":{"origin":12917,"position":1},"title":"Merkel Salvages Nord Stream, But Is Putin Losing Russia’s Gas Monopoly?","author":"victorhanson","date":"February 15, 2019","format":false,"excerpt":"Please read this piece by my colleague Paul Roderick Gregory in Forbes The European Union took a first step with its February 8 vote towards turning Russia\u2019s gas monopoly, Gazprom, from an instrument of Russian power politics into a\u00a0regulated utility, deprived of its monopoly power.\u00a0In an odd twist, Germany, the\u2026","rel":"","context":"In "European Union"","block_context":{"text":"European Union","link":"https:\/\/victorhanson.com\/wordpress\/ahref=\/index.php\/categories\/angry-reader\/categorylink\/a\/european-union\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13188,"url":"https:\/\/victorhanson.com\/wordpress\/did-biden-blink-on-russia-limited-sanctions-and-no-summit\/","url_meta":{"origin":12917,"position":2},"title":"Did Biden blink on Russia? 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