Sanctions / trade wars

Vic

Well-Known Member
Joined
11 Jan 2009
Messages
21,475
This cuts across other threads: Brexit / Trump / general political

Congress passes bill with sanctions against Russia Iran & N Korea.

Trump doesn't like it but signs it as he knows Congress could outvote his veto.

Sanctions include fines against companies dealing with Russia on oil projects.

EU objects. Britain (which imports Russian gas via Europe) seems ambivalent.

If Russian gas is turned off to Europe, next obvious source is shale gas from US.

Trump has let down Putin. But was Trump right on this and it's the US congress who are starting a trade war? And in the Brexit context, outside the EU what leverage would the UK have against relying on US energy imports?
 

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