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The unprecedented measures proposed by the US, the EU and the UK could create chaos in Russia’s economy and impoverish its population

By Isobel Koshiw. Published 2-8-2022 by openDemocracy

Russian President Vladimir Putin Photo:: Kremlin.ru

Proposed Western sanctions could almost cut Russia out of the global financial system, creating chaos for the Russian economy and impoverishing ordinary Russians, experts have warned.

The measures threatened by the US, the EU and the UK if Russia incurs further into Ukraine would be unprecedented. Previous countries that have faced similar sanctions – such as North Korea and Iran – were peripheral to the global markets in comparison to Russia. Continue reading →

“Members of Congress who own stock in pipeline companies like Enterprise Products stand to profit from the push to export liquid fossil gas amid Russia-Ukraine tensions,” according to a new investigation.

By Kenny Stancil. Published 2-10-2022 by Common Dreams

The LNG taker Rivers arrives in Brest. Photo: Pline/Wikimedia Commons/CC

Amid escalating tensions between Russia and Ukraine, which could have far-reaching implications for energy markets in central Europe, U.S. President Joe Biden has increased gas exports to Germany and surrounding countries, benefiting members of Congress who own—and are buying up more—stock in pipeline and tanker companies.

That’s according to new reporting published Wednesday by the nonprofit investigative outlet Sludge, which previously identified at least 28 U.S. senators and 100 House members whose households own stock in oil and gas companies or hold other investments in the fossil fuel industry. Continue reading →

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What would Western sanctions mean for Russia?

The unprecedented measures proposed by the US, the EU and the UK could create chaos in Russia’s economy and impoverish its population

US Lawmakers With Pipeline Stocks Profit as Gas Exports to Europe Soar

“Members of Congress who own stock in pipeline companies like Enterprise Products stand to profit from the push to export liquid fossil gas amid Russia-Ukraine tensions,” according to a new investigation.