: Since the Cold War, the US has tried to prevent Europe’s energy dependence on Russia – and failed #IndiaNEWS The Biden administration hopes its threat of “severe economic consequences� deters

@newsMNC

Posted in: #IndiaNEWS

Since the Cold War, the US has tried to prevent Europe’s energy dependence on Russia – and failed #IndiaNEWS
The Biden administration hopes its threat of “severe economic consequences� deters Russia from invading Ukraine – an event Americans officials say could be imminent.In response, the United States said it may ban the export of microchips and other technologies to critical sectors like artificial intelligence and aerospace and freeze the personal assets of Russian President Vladimir Putin, among other sanctions. Meanwhile, the Senate is preparing its own “mother of all sanctions� – such as against Russian banks and government debt – that could take effect even if Putin ultimately stands down from a military confrontation.The US and its allies have been stressing – as seen in President Joe Biden’s February 7 meeting with the German chancellor – that they are united on the consequences for Russia should it invade.But Russia has something that may undercut that solidarity: a network of European countries, Germany in particular, dependent on it for energy exports, especially natural gas. That may make them reluctant to go along with severe American sanctions.This dependence did not happen overnight. And as I have learned while working on a book on US economic warfare against the Soviet Union during the Cold War, this issue has tended to divide America and its allies – in part because of how Russia has exploited the ambiguity of its intentions.Cold War concernThe US has long...Read more

Latest stock market news Twitter alternate of India

Flash it Bury this

0 Reactions   React

Replies (0)

Login to post a comment!