{"id":114666,"date":"2021-05-20T11:24:43","date_gmt":"2021-05-20T11:24:43","guid":{"rendered":"https:\/\/fin2me.com\/?p=114666"},"modified":"2021-05-20T11:24:43","modified_gmt":"2021-05-20T11:24:43","slug":"energy-expert-dan-yergin-says-the-u-s-is-looking-for-a-way-to-peel-russia-back-from-china","status":"publish","type":"post","link":"https:\/\/fin2me.com\/politics\/energy-expert-dan-yergin-says-the-u-s-is-looking-for-a-way-to-peel-russia-back-from-china\/","title":{"rendered":"Energy expert Dan Yergin says the U.S. is looking for a way to &#x27;peel Russia back&#x27; from China"},"content":{"rendered":"<ul>\n<li>The U.S. wants Russia to pivot away from China, and may be showing flexibility on sanctions as an &quot;olive branch,&quot; according to Daniel Yergin, vice chairman of IHS Markit.<\/li>\n<li>Washington on Wednesday imposed sanctions on some vessels and entities involved in the construction of the Nord Stream 2 pipeline that would bring natural gas from Russia to Germany.<\/li>\n<li>But some sanctions were waived &quot;in the national interest of the United States,&quot; a press statement from the U.S. State Department said. <\/li>\n<\/ul>\n<p>The U.S. wants Russia to pivot away from China, and may be showing flexibility on sanctions as an &quot;olive branch,&quot; according to Daniel Yergin, vice chairman of IHS Markit.<\/p>\n<p>Washington on Wednesday imposed sanctions on some vessels and entities involved in the construction of the Nord Stream 2 pipeline that would bring natural gas from Russia to Germany.<\/p>\n<p>But sanctions against the company running the project, its CEO Matthias Warnig and its corporate officers have been waived &quot;in the national interest of the United States,&quot; a press statement from the U.S. State Department said.<\/p>\n<p>While the company is German, its CEO is an ally of Russian President Vladimir Putin.<\/p>\n<p>Reuters reported that Russian Deputy Foreign Minister Sergei Ryabkov had indicated the waiving of those sanctions may help normalize ties between the U.S. and Russia.<\/p>\n<p>Yergin described this as an &quot;olive branch&quot; to encourage Russia to back away from China at a time where U.S.-Russia relations are tense.<\/p>\n<p>&quot;That is, I think, a priority strategy for this administration,&quot; he told CNBC&#x27;s &quot;Street Signs Asia&quot; on Thursday.<\/p>\n<p>U.S. Secretary of State Antony Blinken met Russian Foreign Minister<strong>\u00a0<\/strong>Sergei Lavrov on Wednesday at the sidelines of an Arctic Council ministerial meeting and acknowledged the differences between Washington and Moscow, but said the two sides can still work together.<\/p>\n<h2>Russia-China relations<\/h2>\n<p>Ties between Moscow and Beijing have deepened in recent years, with the two countries cooperating on economic, political and defense issues.<\/p>\n<p>The countries&#x27; space agencies also signed a memorandum of understanding in March this year, committing to creating a new lunar space station.<\/p>\n<p>Yergin said Putin has been &quot;increasingly estranged from the West&quot; since the annexation of Crimea from Ukraine in 2014.<\/p>\n<p>On the other hand, China is a growth market for Russia, and Putin and Chinese President Xi Jinping are &quot;like-minded about what they call absolute sovereignty,&quot; he said.<\/p>\n<p>Being flexible on sanctions is partly a U.S. strategy to &quot;peel Russia back from its \u2026 growing alliance with China&quot; despite difficulties between Washington and Moscow, said Yergin.<\/p>\n<h2>U.S. objects against Nord Stream 2<\/h2>\n<p>The U.S. has long voiced objections against the pipeline project, and Yergin said the Biden administration&#x27;s decision to waive certain sanctions would not go down well with lawmakers.<\/p>\n<p>&quot;One of the few things that unites Democrats and Republicans is wanting to put sanctions on Russia,&quot; he said.<\/p>\n<p>A press statement attributed to Blinken said the U.S. will &quot;continue to oppose the completion of this project, which would weaken European energy security and that of Ukraine and Eastern flank NATO and EU countries.&quot;<\/p>\n<p>But Yergin said the Biden administration probably realizes that it is not possible to keep Russian gas out of Europe.<\/p>\n<p>&quot;It&#x27;s just the question of how the gas is going to go there,&quot; he said.<\/p>\n<p>The waiving of sanctions may also strengthen relations with Germany, he added.<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/05\/20\/dan-yergin-us-is-looking-for-a-way-to-peel-russia-away-from-china.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. wants Russia to pivot away from China, and may be showing flexibility on sanctions as an &quot;olive branch,&quot; according to Daniel Yergin, vice [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":114665,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Energy expert Dan Yergin says the U.S. is looking for a way to &#x27;peel Russia back&#x27; from China - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/politics\/energy-expert-dan-yergin-says-the-u-s-is-looking-for-a-way-to-peel-russia-back-from-china\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Energy expert Dan Yergin says the U.S. is looking for a way to &#x27;peel Russia back&#x27; 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