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Most of it is still running because it's needed. Same goes for the exports to the US. In fact there is pressure in Switzerland to block the trading of gas sinc
by sschueller 5y ago
Most of it is still running because it's needed. Same goes for the exports to the US.
In fact there is pressure in Switzerland to block the trading of gas since 80% is done here but it would hurt the EU so there is no way this will be done unless the EU decides that they also want to sanction this.
The blocking of Swift also has an exclusion for trading of this gas.
- olliej 5y agoSorry, I may not have been clear: I don't know why Russia would not have halted the pipelines as retribution for the financial sanctions as it seems like one of the few resources they have that Europe needs. I'm sure there's an element of Russia needing those funds to fund its invasion, but it also seems like they could try to use oil supply restrictions to get the other sanctions lifted.
- RedShift1 5y agoIt seems to me that is only a card you want to play at the very end. There's also the possibility that when the tap closes the EU will adapt and then you've lost billions of revenue forever.