Germany Halts Nord Stream 2, US Weighs Sanctions on Russia

Territory controlled by separatists. Image from Wall Street Journal.

Russian troops poured into Eastern Ukraine after Russia recognized the independence of two regions of Donbas.   

In response, Germany Halted the Nord Stream 2 Pipeline and president Biden weighs sanctions.

Ukrainian President Volodymyr Zelensky urged calm as Russian troops poured into the eastern Donbas region and Western nations announced measures to punish Moscow for recognizing two Russian-controlled statelets there as independent.

Germany said it halted moves to open the Nord Stream 2 pipeline that would allow Russia to bypass Ukraine in exporting natural gas to Europe. The European Union proposed a ban on purchases of Russian bonds, sanctions on all members of the Russian parliament who voted in favor of supporting recognition of the two breakaway regions, and an asset freeze for three Russian banks with links to the two statelets.

In a statement Tuesday, the EU’s two top officials said this package of measures could be added to if Russia takes further steps against Ukraine.

In a TV address to Ukrainians, Mr. Zelensky said the Russian move simply legalized the eight-year Russian occupation of the area and showed that Moscow wasn’t interested in peace. He added later Tuesday that he is considering severing diplomatic relations with Russia in response.

One Mild Surprise

The only surprising thing is German suspension of Nord Stream 2. Let’s see how long that lasts.

I suggest not very. 

Germany gets about a third of its energy from Russia and already sky high prices will jump further.

Simmering for Eight Years 

This has been simmering for eight years. A comment by Ben Hunt is an accurate reflection.

My unpopular opinion: the West lost Ukraine 8 years ago. My really unpopular opinion: Ukraine is a strategic liability for the West under any circumstances.

Those are comments from someone thinking clearly.

All Theater?

Repeating my proposed solution …

One Way to Settle This

How about an honest vote?

If the people living in Donetsk and Luhansk do not want to be part of Ukraine, then why should they be part of Ukraine?

In Brexit, the UK essentially seceded from the EU.

This post originated on MishTalk.Com.

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SAKMAN1
SAKMAN1
2 years ago
Welp. . . Evidence or no evidence Russian troops are now on the ground in the Ukraine. Next time Russia invades a place they will rename it, check. . . Its been a second since we have seen that one.
Dutoit
Dutoit
2 years ago
A funny thing about NATO: scandalized by the fact that Russia recognizes Donetsk and Lugansk republics. And in the same time, a member of NATO, Turkey, occupies one third of Cyprus without any problem or sanction….
Webej
Webej
2 years ago
Reply to  Dutoit
And Israel occupies Palestine.
And the USA occupies Al-Tanf, Al-Hasaka, and Deir Ez-Zor
O, and has one of its largest bases in Kosovo.
KidHorn
KidHorn
2 years ago
Wouldn’t NS2 have to actually be up and running for Germany to halt it?
PreCambrian
PreCambrian
2 years ago
So are you for elections in the parts of the United States that don’t want to be part of it? Maybe some parts want to be part of Canada or Switzerland, or Mexico. How small (or large) of an area is needed in order to qualify for an election? And of course it took eight years for Russia to get enough people into the region in order to send in peacekeepers. Your logic on this election aspect is suspect and full of holes. Not that I think that fighting Russia in their backyard is a good idea. We will see how sanctions go. But they suffer from the weakness of capitalism, no one wants to make a sacrifice for the greater good. Probably the same in communism however you are forced to do so.
KidHorn
KidHorn
2 years ago
Reply to  PreCambrian
Do you really think any part of the US wants to be part of Mexico? And after what’s happened in Canada, I don’t think you’ll see much support for that either.
Esclaro
Esclaro
2 years ago
Reply to  KidHorn
You clueless moron. There are plenty of places that would happily choose to join Canada or Mexico. Just like there are places that would happily choose Russia like the Red States. Most of those people are traitors who should be dealt with.
KidHorn
KidHorn
2 years ago
Reply to  Esclaro
Name one place that would like to join Mexico or Canada?
MPO45
MPO45
2 years ago
Reply to  KidHorn
Learning some history kid, you need it badly.
as far as I know, mexico has the largest american expat population too.
Naphtali
Naphtali
2 years ago
Reply to  PreCambrian
How long will sanctions work for a country that is financially bankrupt, de-industrialized and struggling to maintain it’s own political unity?
Russia and China and possibly other future allies will control vast natural resources and industrial might. The west reliance upon long term financial power is tenuous at best. 
TexasTim65
TexasTim65
2 years ago
Reply to  PreCambrian
Canada has twice (1970s and 1990s) allowed Quebec to vote on separation (they chose to remain).
Scotland has had at least 1 such vote to remain in the UK.
Only in the US is it considered sacrilege (for which the Civil war was fought) to consider a part of the country splitting off into another country.
Dutoit
Dutoit
2 years ago
Reply to  PreCambrian
This would be OK if these parts of US had a long and continuous history outside US. For “Russia to get enough people into the region in order to send in peacekeepers”, the converse actually happened. 1.5 millions former Ukrainians emigrated in Russia.
Webej
Webej
2 years ago
Reply to  PreCambrian
people into the region?
There’s 1 million refugees that went to Ukraine, and 2 million to Russia.
As for trade sanctions with the DonBas, the place has been dead the past 8 years … war and all.
The war has been a humanitarian catastrophe, but it is not newsworthy, after all, who cares about Russian lives…
StukiMoi
StukiMoi
2 years ago
Reply to  PreCambrian
“So are you for elections in the parts of the United States that don’t want to be part of it?”
Of course. Territories voted to join. They could just as easily vote to leave. It’s called a basic freedom. Only well indoctrinated, useful idiots in thrall to their appointed Man on TeeVee, is gullible and pliant enough to not recognize that.
Esclaro
Esclaro
2 years ago
Mish talk like ZH has now become the home of self declared traitors who worship at the feet of King Vladimir. We need to start dealing with traitors the old fashioned way and maybe every mall in America could be decorated with examples of what happens to traitors. 
Tony Bennett
Tony Bennett
2 years ago
Reply to  Esclaro
No one goes to malls anymore …
KidHorn
KidHorn
2 years ago
Reply to  Esclaro
Are you Liz Cheney?
Esclaro
Esclaro
2 years ago
Reply to  KidHorn
No. A patriotic American unlike you. Go back to Russia. 
KidHorn
KidHorn
2 years ago
Reply to  Esclaro
I’ve never been to Russia
StukiMoi
StukiMoi
2 years ago
Reply to  Esclaro
Patriotic Americans fight the Fed and feds which are currently occupying America. Just as the patriotic founders did. Patriotic Americans also fight for the things the Founders fought for. Among them, No Entangling Alliances. Concern over exactly whom happen to carry rifles and drive APCs around the Donbas region at ay give time, were omitted from the list of government’s Enumerated Powers for a reason.
RonJ
RonJ
2 years ago
Reply to  Esclaro
Excellent comedy.
Sunriver
Sunriver
2 years ago
Oil at $150 a barrel?  Possibly.
Back to our friends the Saudis/Iranians to ‘fill the Oil Supply Gap’!
We should feel much better now we know inflation is temporal!  The FED told us so!
FromBrussels
FromBrussels
2 years ago
Reply to  Sunriver
You nailed it !  All differences with Iran will soon be resolved……and the backward cruel Saudi Regime…well they are friends and colleagues after all, are they not ….
FromBrussels
FromBrussels
2 years ago
I think the criminal powerhungry US and its spineless, shooting themselves in both feet, vasals, should now impose ALL possible sanctions so that Putin can wipe out the Neo Nazi Kiev regime for once and fn all, without any restraints,  those ba s tards have been discriminating and killing Russians under the auspices of the world’s warcriminal n°1 for decades now …..I am not gullible, Putin is no soft philanthrope ….but what to say about the US, how many INNOCENT people have YOU killed ?   MILLIONS ! 
Webej
Webej
2 years ago
How about an honest vote?
They already had that in 2014
Stopping a gas line that is now stopped anyways is an astute political move … courage & fortitude by doing nothing.
TexasTim65
TexasTim65
2 years ago
Reply to  Webej
Yup. It’s pretty clear that Ukraine is going to break into 2 or more sections. The only question is whether it’s going to be peaceful (like Czechoslovakia was when it split in two in the early 90s) or not (like Yugoslavia was when it split in two in the late 90s).
The US and the West isn’t helping things and in fact is making it more likely we’ll get a repeat of Yugoslavia than Czechoslovakia.

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