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War and acts of God render most contracts moot. It’s a silly argument. And plenty of countries (smartly) renege on contracts all the time for even less dramatic
by miguelazo 4y ago
War and acts of God render most contracts moot. It’s a silly argument. And plenty of countries (smartly) renege on contracts all the time for even less dramatic reasons and do not suffer long, if at all, in the international capital markets. IMF/World Bank are not as important as they used to be. Compared to China, they’re now bit players. This is how the modern world works.
Russia cited maintenance when turning off NS1 because they probably had maintenance to do that was difficult in a war zone. Also, NS1 traverses Ukraine, and they had previously accused Ukraine of siphoning.
It’s in Russia’s interest to make its gas delivery reliable— that’s how you keep Europe dependent. The US wanted to end that dependence and ramp up US LNG market share.
https://peoplesworld.org/article/pipeline-ploy-how-u-s-natural-gas-interests-are-fueling-the-ukraine-crisis/ https://peoplesworld.org/article/pipeline-ploy-how-u-s-natur...
- welterde 4y agoYou are thinking of the Soyuz or Brotherhood pipelines, which go via Ukraine (and there is a third option: the yamal pipeline that goes via Poland). NS1 and NS2 go directly from Russia to Germany via the baltic sea, which Ukraine has no direct border with, so are nowhere close to any war zone. The compressor station, which allegedly had technical issues, is located in mainland Russia (far far away from Ukraine).