... (pretty much the same rhetoric that we hear nowadays). The pinnacle of the Anti-Soviet campaign was reached during the 1981 meeting at the Ottawa summit, where President Ronald Reagan attempted to convince European leaders not to accept any further natural gas supplies from the USSR (sounds familiar 1,2,3). The failure to convince his European partners left the Reagan Administration with the only remaining option – to impose sanctions on gas compressor station elements, that were produced in the US. This eventually led to a major political crisis and the sanctions were removed several months later. The Urengoy pipeline constructions continued and as a result of the previously ...
... commercial cooperation between Russian and Western European companies in the energy sector has remained significant, despite the sanctions regime. Strong economic rationale seems to prevail over politics. The German-Russian relations have been the most prominent ... ... complexity of the relationship through swap deals and favorable transactions, which encompass the entire value-chain of the natural gas sector. The pinnacle of recent collaboration has been the initiation of the Nord Stream-2 project, which has the potential ...
The Yamal LNG project has recently demonstrated that Russia’s eastward pivot may in fact provide a solution to the financial constrains, imposed as a result of the Ukraine-related Western sanctions against Russian companies and individuals. Russian, French and Chinese investors have found a way to guarantee the completion of the Yamal LNG project, despite Washington’s eagerness to halt Russian energy companies from developing the arctic natural gas resource base, by imposing technological and financial constrains. What’s more, the LNG plant facility will be realized with the financial help of major Chinese banks, which is another “slap in the face” for the loud-mouthed ...