German Of The Day: Stiftung

That means foundation. You know, like the “climate protection foundation” SPD Prime Minister (Governor) of Mecklenburg-Western Pomerania Manuela Schwesig created to get around American sanctions to help Russia finish the Nord Stream 2 pipeline – which never went into operation although completed, for some strange reason.

Now that she got caught the “foundation’s” chairman of the board has stepped down so it can quietly be liquidated.

The foundation had been the subject of criticism since its establishment in January 2021 because, in addition to climate protection, its main purpose was to secure the completion of the Nord Stream 2 natural gas pipeline through the Baltic Sea. Companies involved in the construction had in fact been threatened by US sanctions.

Nord Stream 2 AG paid 20 million euros into the foundation’s coffers. Nord Stream 2 was completed – with the foundation’s support. However, because of the Russian invasion of Ukraine, it has not received an operating permit from the German authorities. Schwesig has come under criticism for her long adherence to Nord Stream 2. Accusations have been made that Russian forces pulled the strings in key areas of the foundation. Schwesig had played a key role in promoting the establishment of the foundation in 2021.

In A Quandary?

Germany is in a quandary over its dependency on Russian energy?

Quandary: a state of perplexity or uncertainty, especially as to what to do; dilemma.

When 50% of your oil, gas and coal comes from Russia, that’s no quandary at all. That just means you’re screwed.

Germany in a quandary over Russian energy – Germany has rejected a complete ban on Russian gas and oil imports over Russia invading Ukraine, but voices are growing louder for Berlin to ditch its economic imperative to take a moral stand.

Yacht To Have Docked It Someplace Else

That oligarch was really cruising for a bruising. Take a bow, Germany. Looks like there will be a sail on megayachts in Hamburg soon…

European authorities seize oligarch’s megayacht in German port – Authorities in Germany have seized Russian oligarch Alisher Usmanov’s 500-foot megayacht, the Dilbar, as part of the package of sanctions against the Kremlin and its supporters, Forbes magazine reported.

The ship was taken by authorities in the north German port of Hamburg on Wednesday. The megayacht is estimated to be worth $600 million.

Tough As Nails

Or as Jell-O, at least. Here’s the latest “Money Makes The World Go Around” going around in Germany (some still refer to it as “the EU”).

Cutting off Russia from the SWIFT global interbank payment system should not be part of the second EU sanctions package against Russia that EU leaders will decide upon at a meeting on Thursday in Brussels, German Chancellor Olaf Scholz said.

He’s right, of course. Doing that would be one of the only things that would actually hurt Putin & Co. and that would be counterproductive.

Die Swift-Keule kommt nicht zum Einsatz.

Nord Stream 2 Not 2 Bad Under Biden

It is European, after all. His national security advisor explains to us now that the company at the center of Russia’s natural gas pipeline is actually Swiss.

Well, thank goodness. Then what was all the fuss about up until now?

Nord Stream 2 AG is indeed based in Switzerland, but the company is owned by Gazprom, a Russian state-owned energy company based in Moscow.

​”No amount of spin from the Biden administration will change the reality that Putin’s pipeline is a geopolitical weapon pointed at our allies in Europe,” Barrasso said. “President Biden and his team are desperate to distract from the fact that by not sanctioning them, they have allowed Putin’s pipeline to be locked and loaded.”

Mess With Nord Stream At Your Own Risk

If you mess with Nord Stream, you mess with Heiko.

Heiko

And that would spell trouble for US-Amerika. Big trouble. Or at the very least, displeasure.

Germany expresses ‘displeasure’ at US threat over Russia pipeline – German Foreign Minister Heiko Maas has expressed “displeasure” to his US counterpart Mike Pompeo about Washington’s threat of sanctions against a German port over a gas pipeline from Russia.

“I mentioned it in a telephone call with (Secretary of State) Mike Pompeo yesterday and expressed my surprise and displeasure.”

Gazprom Gerd For Painful Counter-Reactions

He didn’t say who these counter-reactions were going to be most painful too, however.

Gerd

Nord Stream 2, folks. It’s getting ugly. The ex-chancellor’s reaction is quite understandable, however. Considering who he works for.

German government officials, MPs and experts have criticised U.S. plans to tighten sanctions on the contentious natural gas pipeline project Nord Stream 2 (NS2) currently under construction in the Baltic Sea as an encroachment on EU sovereignty in a parliamentary hearing. Former German chancellor Gerhard Schröder, who has close ties to the Russian government and chairs Nord Stream 2’s board of directors, said there is no doubt that the U.S. attempt to “dictate the sovereign community of states such as the EU what to do” must be rejected. He said that diplomatic possibilities must be exploited, “but this will not work without counter sanctions”, without giving details. Schröder said natural gas would be needed as a bridging technology in Germany’s energy system for a very long time.

But the former chancellor’s comments were met with criticism. His presence as a “badly informed Russian gas lobbyist is a disgrace for the highest government office”, said Alexander Reitzenstein, senior policy advisor at think tank E3G.

“Collective Response?”

Most likely, if it’s directed against US-Amerika everybody jumps on board.

Germany

Germany Weighs Measures Against U.S. Over Nord Stream Threat – The 1,200-kilometer (745 mile) pipeline under the Baltic Sea, designed to pump Russian gas directly to Germany, has triggered deep division between EU member states. But the prospect of a direct U.S. intervention in the 27-member bloc’s energy interests should prompt a collective response, said the officials, who asked not to be identified.

“The government is called upon to develop and put forward proposals for a measured, clear reaction on behalf of Germany and the European Union.”

The Berlin Airlift

No, not this one. This one.

Iran

Iranian Plan to ‘Airlift $350 Million’ From Germany to Tehran Sparks U.S. Anger

The U.S. ambassador to Germany has called on Berlin to block an Iranian plan to withdraw 300 million euros ($350 million) of cash from bank accounts in Germany to offset the effect of new U.S. financial sanctions imposed after Washington withdrew from a 2015 nuclear deal.

This comes after Washington recently announced new sanctions on Iran and ordered all countries to stop buying Iranian oil by November and foreign firms to stop doing business there or face U.S. blacklists.

Der Iran will 300 Millionen Euro in Deutschland loseisen und per Flieger heimholen. Die USA und Israel sind nicht erfreut.