The German government is putting the certification process for the Nord Stream 2 pipeline project on hold due to the escalation of tensions in eastern Ukraine. According to Chancellor Olaf Scholz, “the situation has fundamentally changed” and Germany will seek to secure its energy supplies in another way. NN: Thats tough.love. Germany is shutting down a pipeline that has never been opened…. That will show them…...
UK imposes sanctions on Russian banks, individuals
British Prime Minister Boris Johnson announced on Tuesday that the United Kingdom is imposing sanctions on five Russian banks: Rossiya Bank, IS Bank, General Bank, Promsvyazbank, and Black Sea Bank as well as three “very high net worth individuals:” Gennady Timchenko, Boris Rotenberg and Igor Rotenberg. “This is the first barrage of what we are prepared to do, and we hold further sanctions at readiness to be deployed… if the situation escalates still further,” he stated. Johnson said the presence of Russian tanks and personnel in Ukraine amounts to a “renewed invasion” and warned Ukraine risks being drawn into a war “without a shred of justification.” He said Western allies must face the possibility that reaching a peaceful solution “through patient diplomacy may be in vain,” claiming that Russian President Vladimir Putin “is implacably determined to go further in subjugating and tormenting Ukraine.”
Biden announces sanctions against Russia
United States President Joe Biden announced on Tuesday new sanctions on Russia due to the recognition of the Donetsk (DPR) and Lugansk People’s Republics’ (LPR) independence. “Today, I’m announcing the first tranche of sanctions to impose costs on Russia in response to their actions yesterday. These have been closely coordinated with our allies and partners and will continue to escalate if Russia escalates,” said Biden. Moreover, he added that the US government is implementing a complete blockade on two Russian financial institutions, as well as “elites and their family members.” Besides, he also mentioned that the sanctions are likely to hurt American citizens, but the government is willing to take robust actions to ensure they affect the Russian economy. NN: these sanctions are a joke….. Putin is winning and for freedom lovers the world over its a sad day.