Fri, 05 Mar 2021

Why Putin Is Using a Gas Line to Finance His Corrupt Regime

Novinite.com
27 Jan 2021, 21:11 GMT+10

The consequence of being cut off from the world's largest and most dynamic economy is bad enough, but perhaps equally damaging is the pariah status associated with being on the wrong end of Washington's Treasury Department

The massive tubes that stretch across Bulgaria, at first glance, appear benign. Traveling like an earthworm both beneath the soil and over land, the so-calledBalkan Stream gas pipelinefutilely tries to avoid drawing attention to itself. This pipeline, though, is not akin to an earthworm burrowing its way through the Balkans, but a snake--one with deadly venom.

If you haven't heard of the Balkan Stream, then chances are you know this pipeline by its proper name, TurkStream, whichoriginates in Russia, runs under the Black Sea, emerges in Turkey and then on to Bulgaria. Renaming the pipeline was a Potemkin effort by Bulgarian prime minister Boyko Borisov to camouflage its connection to the Russian pipe, the inauguration of which would subject Bulgaria to Russian presidentVladimir Putin's whimsand isolate my country from the democratic West.

That is because the United States intends to sanction anything that touches TurkStream, and for good reason as the pipeline's sole mission is to cripple Putin's enemies and finance his corrupt regime. The fact that TurkStream infrastructure has penetrated Bulgaria is an undeniable victory for the Kremlin--but the victory can be made hollow. In March 2021, the Bulgarians will head to the polls and to avoid future sanctions, reject Putin's nefarious aims, and stand with our European and U.S. allies, the next governing coalition in Sofia must ensure that the Bulgarian section of TurkStream will never carry Russian gas.

Doing so would bring manifest benefits, with one of the most important being the avoidance of U.S. sanctions. While the penalties would likely be placed on individuals or entities that facilitated TurkStream's construction, the whole country would suffer. FormerSecretary of State Mike Pompeo made that much clear over the summer when the State Department updated its sanctions guidance to target TurkStream.

"It's a clear warning to companies aiding and abetting Russia's malign influence projects will not be tolerated," Pompeo said in July. "Get out now, or risk the consequences."

The consequence of being cut off from the world's largest and most dynamic economy is bad enough, but perhaps equally damaging is the pariah status associated with being on the wrong end of Washington's Treasury Department. When investors and benefactors think of U.S. sanctions, countries that come to their minds include Belarus, Venezuela and North Korea.

Being in the same league as those countries offers Bulgaria nothing, just likeTurkStream. Putin's pipeline fails to meet even the lowest threshold that should be applied to new energy projects in a country like Bulgaria, which is to diversify energy supply. Currently,more than 75 percentof Bulgaria's natural gas imports come from Russia, and TurkStream would only deepen that dependence, allowing Putin to cut off Bulgaria's energy supply at will. As Borisov embraces TurkStream, he apparently is rejecting a pipeline that would connect Bulgaria to a Greek Liquified Natural Gas (LNG) terminal that would allow Bulgaria to more easily access LNG from countries like the United States, which is increasingly shipping gas to Europe./Tsvetan Tsvetanov, Pavel Valnev

Copyright (c) Novinite.com. Published with permission via Big News Network news agency

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