Sunday, June 18, 2017

Trump Cornered: White House Pushing To Weaken Russia Sanctions Bill

(Zero Hedge) After the Senate overwhelmingly passed a bill to implement new sanctionsagainst Russia over "interference in the 2016 U.S. elections" and curbs President Trump’s power to ease penalties against Moscow in the future - without consultations with US allies in Europe -  President Trump has found himself cornered in what appears to be a lose-lose position.

On one hand, the bill prompted an unexpectedly angry response by Germany and Austria, both of whom who have invested hundreds of millions into the Nord Stream 2 pipeline that would pump Russian gas to Germany beneath the Baltic Sea, and who said the bill is trying to help American natural gas suppliers at the expense of their Russian rivals. On Friday, Germany went so far as saying the bill "must not happen" with German Economy Minister Brigitte Zypries saying "Berlin would have to think about counter-measures" if Trump - or the House - backed the plan. "If he does, we'll have to consider what we are going to do against it."

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