US National Security Adviser Susan Rice said on Tuesday:
"The news that Russia has pulled back from its South Stream pipeline to southern Europe... is indicative of the mounting cost that Russia is paying for its behavior," Rice said. "As a result, a major project, which had been championed by Putin and the Russian government, is now not likely to materialize."President Obama also crowed on Wednesday:
"When you look at where the Russian economy is, it has suffered over the last year substantially as a result of sanctions and also as a result of declining oil prices and the combination is pretty powerful."
[Obama] doubted Russian President Vladimir Putin will change course until politics catch up with the rough economic situation in Russia.Have mercy! The only way Obama and Rice could have come up with that conclusion is if they were somehow mistaking themselves for Putin and US foreign policy for Russian foreign policy. We can almost hear these two earnestly tell the EU: "Don't worry this is going to hurt Russia more than it will hurt you. So man up!" Meanwhile, EU bureaucrats must be 'sweating bricks' at the projected loss of billions for EU economies as a result of the death of South Stream. But what can they do? It is almost certain that they are being blackmailed by the USA, courtesy of the NSA and its pathological voyeurism. This isn't going to end well.
Obama said Putin has promoted a nationalist, backward-looking approach to Russian policy that scares neighbors and hurts Moscow's economy.
















Comment: EU losers! Russia scraps South Stream pipeline project, announces major alternative gas deal - Did Putin just poach Turkey?