Quantcast
26 C
United States of America
Saturday, July 31, 2021

Europe’s support for Nord Stream 2 shows that US pressure isn’t working anymore – Professor Wolff to RT’s Boom Bust

Must read

Author RT
This post originally appeared on RT Business News

Europe’s support for Nord Stream 2 shows that US pressure isn’t working anymore – Professor Wolff to RT’s Boom Bust

Germany and other European countries, which invested billions of dollars in the Nord Stream 2 pipeline to get cheaper Russian gas, still support the project despite mounting US pressure and threats of sanctions.

RT’s Boom Bust spoke to author and host of the Economic Update, Professor Richard Wolff, to discuss the situation. He says Nord Stream 2 was spared from the latest round of sanctions on Russia because the US was afraid to offend the Europeans, who already refused to cave in to the pressure from the previous administration of Donald Trump.

- Advertisement -

“They are not receptive to the kinds of pressure tactics of the past, where they used to fold the minute the American president said something. Those days, I think, are over and we’re seeing it around the Nord Stream pipeline,” Wolff said.

He also noted that the actions of the US are only pushing Russia and China closer, with both countries becoming more self-sufficient. This puts the US in a difficult position, according to Wolff, as the two states are working together to lure third world countries away from American influence.

For more stories on economy & finance visit RT’s business section

- Advertisement -
Europe’s support for Nord Stream 2 shows that US pressure isn’t working anymore – Professor Wolff to RT’s Boom Bust
Newslanes Mediahttps://newslanes.com
Newslanes.com is the leading e-news platform for the latest breaking news of world today. The news repository targets everyone after factual and well-researched information from a dedicated global team of news reporters and editors.
- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -

Latest article