Russia sanctions aren't working
Back in 2017, the U.S. and our allies imposed "sanctions against entities supporting or investing in Russia's oil and gas pipeline networks."
The sanctions were intended to delay and hamper Russia's ability to develop various energy projects.
With that in mind, let's look at headlines from just this week.
A total of 2,010 kilometers (1,249 miles) of pipes are laid for the Power of Siberia gas pipeline between Yakutia and the Russian-Chinese border, or on 93 percent of the route’s length, Gazprom said in a statement.
– Construction of the TurkStream gas export facilities in the Black Sea is progressing as scheduled, according to operator Gazprom.
Allseas’ Pioneering Spirit began laying the second of the parallel gas lines in late June. Last week, more than 1,520 km (944 mi) of the two strings had been completed, representing around 81% of the overall length of TurkStream’s offshore section.
Now the town is the entry point for natural gas from Russia. Construction began in May on a new pipeline that will enable Russia to increase its natural gas exports not only to Germany but to other countries in Europe as well. The gas will be supplied by Russia's state-owned Gazprom.
This is essentially an 0-for-3 record for the sanctions.
Yet, just this morning Washington wanted to impose yet more sanctions.
National Security Adviser John Bolton said the U.S. sanctions against Russia will remain in force “until there is a required change in Russian behavior”. I guess that means forever.
Russia's economy is growing at a 2% rate.