According to sources briefed on the matter, the Biden administration plans to waive certain sanctions placed on a corporation and it’s CEO with close ties to President Vladimir Putin, allowing for the construction of a pipeline that would extend from Russia to Germany.
The project known as the Nord Stream 2, is designed to convey natural gas directly from Russia to Germany through the Baltic Sea.
Nord Stream 2 will stretch nearly 1,200 kilometers from near St. Petersburg to the German port of Greifswald. Critics of this geopolitical maneuver say this will only increase Russian influence in the American ally nation as Germany is the world-leading importer of natural gas, importing close to 94% of its natural gas supply.
While the Germans do not provide these statistics it has been reported that Russia accounts for 40% of this natural gas import.
The project will be run by a former East German intelligence officer and CEO Matthias Warnig, a crony and ally to Russian President Vladimir Putin. Despite what the state department have called sanctionable activities, Russia will be the chief benefactors of the decision by the Biden administrations decision to lift the sanctions that will greenlight this project.
“The State Department will also acknowledge that the corporate entity in charge of the project (Nord Stream 2 AG) and its CEO (Putin crony and former East German intelligence officer Matthias Warnig) are engaged in sanctionable activities.” as reported by Axios.
All of this comes on the back of increasing tensions between the Russians and its former client state, Ukraine, allowing Russia to further isolate the budding democracy. As well as further isolating the Ukrainians, Russian military operations in the region of increased leading to the announcement that Ukraine and British NATO troops will also be conducting joint military in the vicinity of these Russian exercises.
This may come as a surprise to many as just 5 months earlier President Biden’s first order of business after taking office officially on January 20th was to shut down a major American pipeline project known as the Keystone XL in a move toward a “greener” energy industry.
When this executive order took effect, it caused an upwards of 25,000 jobs to evaporate into thin air.
The decision also comes as a contradiction to Secretary of State Anthony Bliken’s promise to the Senate in his confirmation hearing that he would not allow this project to go through.
“I am determined to do whatever we can to prevent that completion (of Nord Stream 2),” Blinken stated.
President Biden furthered his assault on American energy independence by signing a 60-day moratorium on new oil and gas leases on federal public land. This potential ban as well as the many other restrictions imposed on the fossil fuel industry may cause the country to face a larger energy crisis in the future.
On the back of the recent Colonial Pipeline disaster and spiking energy prices, Biden’s policies continue to have an adverse effect on what was once the United State’s global advantage of energy independence. Since President Biden has taken office Americans continue to feel pain at the pump as gas prices have risen nearly 18% across the country.
All of this may come with some ray of hope for conservatives as many believe these decisions are what could leave President Biden and his democrat colleagues vulnerable come the midterm elections in 2022.
It should come as no surprise that many Americans are feeling frustrated by these and other rising prices and may choose to vote with their wallets. With rising inflation, devaluing of the dollar and increased prices at the pump it could put democrats in between a rock and a hard place.