After night-time consultations with Germany, it was decided that the Russian North Stream 2 gas pipeline would not begin work. – It is valued at $ 11 billion. An investment (…) is now wasted“- a representative of the administration said at a press conference on Tuesday.
German Chancellor Olaf Scholes The suspension of the Nort Stream 2 certification was announced on Tuesday. It was called by others Polish authorities. The decision was made in response to Russia’s recognition of the independence of the “People’s Republics” of Donetsk and Luhansk, founded by separatists in Donbass.
A spokesman for the U.S. administration said Tuesday evening that the first installment of U.S. sanctions would only apply to two Russian banks. If there is a further invasion of Ukraine, no Russian financial institution will be safeAnd Russia’s disconnection from the SWIFT World Bank communications system is beyond question.
On Tuesday US President Joe Biden has announced sanctions against Russia. They are worried, among other things, about the two big banks and the trade in Russian debt. Biden also announced that he would send additional troops to the Baltic states.
We wrote last week that investors are serious about sanctions and the threat against Russia Sell shares of Russian banks, They fear they will be disconnected from the Swift system. However, as Reuters reported last week, the move was rejected by European lenders for fear that US and European authorities would not be able to repay the billions of dollars they owed in Russia.
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