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| Face-saving fakery: Biden administration’s caving in by waiving sanctions on Nord Stream 2, Professor Wolff tells Boom Bust | Face-saving fakery: Biden administration’s caving in by waiving sanctions on Nord Stream 2, Professor Wolff tells Boom Bust |
| (about 2 months later) | |
| Washington has declined to impose sanctions on Nord Stream 2 AG, a Swiss-based subsidiary of Russia’s Gazprom that’s in charge of the construction of a natural gas pipeline from Russia to Germany. | Washington has declined to impose sanctions on Nord Stream 2 AG, a Swiss-based subsidiary of Russia’s Gazprom that’s in charge of the construction of a natural gas pipeline from Russia to Germany. |
| According to the US State Department, penalties against the company and its CEO, Matthias Warnig, would have a negative impact on US relations with Germany, the EU, and other European allies and partners. However, the White House has blacklisted four ships and four entities involved in the project. | According to the US State Department, penalties against the company and its CEO, Matthias Warnig, would have a negative impact on US relations with Germany, the EU, and other European allies and partners. However, the White House has blacklisted four ships and four entities involved in the project. |
| RT’s Boom Bust talked to Professor Richard Wolff, host of the radio/TV show and podcast ‘Economic Update’, to get a detailed analysis on the controversial decision. | RT’s Boom Bust talked to Professor Richard Wolff, host of the radio/TV show and podcast ‘Economic Update’, to get a detailed analysis on the controversial decision. |
| “I think this is face-saving fakery, to be blunt and honest. By punishing or saying you’re going to punish a few Russian ships, you can appear to be a very tough guy, in a way that President Trump was and that many want Mr. Biden to be,” he opined. | “I think this is face-saving fakery, to be blunt and honest. By punishing or saying you’re going to punish a few Russian ships, you can appear to be a very tough guy, in a way that President Trump was and that many want Mr. Biden to be,” he opined. |
| According to Wolff, the current administration has caved in by not sanctioning the company that is in charge of the entire project. | According to Wolff, the current administration has caved in by not sanctioning the company that is in charge of the entire project. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |