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Energy Policy - Russian Pipeline
In Europe and Eurasia
Andrew Caponetti, BIED 𝘚𝘰𝘤𝘪𝘦𝘵𝘺 Economics Specialist
Feb 23, 2022
Good point, Richard. I think this could be a reason that the U.S uses other means of deterrence besides sanctions.
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Energy Policy - Russian Pipeline
In Europe and Eurasia
Andrew Caponetti, BIED 𝘚𝘰𝘤𝘪𝘦𝘵𝘺 Economics Specialist
Feb 23, 2022
Thank you for sharing. I'll be sure to give that a read.
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Energy Policy - Russian Pipeline
In Europe and Eurasia
Andrew Caponetti, BIED 𝘚𝘰𝘤𝘪𝘦𝘵𝘺 Economics Specialist
Feb 23, 2022
The situation between Russia, Ukraine and the West is intensifying. It's clear that other European countries (Like Germany) are taking steps to try and deter Russian aggression. The NS2 pipeline has been put on hold by Germany. This directly effects Russia since Germany won't be receiving double the amount of energy from them. One downfall mentioned in the article however is that because of this, Europe may see a short term increase in cost of energy. The economic ramifications affect both nations. https://news.yahoo.com/this-economic-weapon-could-cut-russia-off-from-the-21st-century-economy-124135370.html The article above discusses how heavy sanctions are not the only deterrent that can be casted towards Russia. The article writes that, The, "... Export Administration Regulations (EAR), allows the Biden administration to ban foreign and domestic companies from exporting products like high-tech semiconductors to Russia." Although Russia has vast natural resources, a move like this could be detrimental to their economic success. Going forward it seems as though more types of deterrents will be thrown at Russia. https://www.reuters.com/world/white-house-announce-fresh-sanctions-russia-over-ukraine-2022-02-22/ Talking domestically, President Biden has already imposed sanctions, "...against two large Russian financial institutions and Russian sovereign debt. Sanctions were imposed against Russian elites and their family members as well, administration officials said." The early stages of major conflict is beginning. The Biden administration has already said heavier sanctions are coming if Russia advances. The game of chess is beginning.
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Andrew Caponetti, BIED 𝘚𝘰𝘤𝘪𝘦𝘵𝘺 Economics Specialist
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