July 15, 2022
There is no getting around the fact that direct war with Russia is coming. There are zero moves for peace talks, and the only thing that is moving are more weapons to Ukraine. Meanwhile, the economic sanction war continues to backfire. Canada has decided to allow a repaired turbine that helps moves natural gas from Russia to Europe to be returned to Russia. No way that turbine be there before July 22. That’s when Russia says it cannot guarantee the Nord Stream 1 pipeline will function to full capacity. The repaired turbine has been held up by Canada because of sanctions. There is no telling when it will be put back into service. Will the economy in the EU and, especially, Germany be shut down even further? Will the banks fold? Will Europeans freeze this winter? All good questions that probably have very negative answers.