Sanctions are sinking Russia’s flagship gas project

T he West’s economic weapons are missing their target. Last month Russia exported near-record volumes of oil, at a decent price. But there is one exception. After shutting its main gas pipeline to Europe in 2022, Russia had hoped that Arctic LNG 2, an ultra-modern export facility, would open big new markets. Yet last month the plant suspended operations until next summer, for want of ships and buyers. Sanctions are nipping it in the bud.

They might have simply been lucky, or biased

Alan Heston, a pioneer in comparing economies, died on October 25th

Small investors, rejoice—and beware

Private markets are going mainstream

It may bring stronger growth, higher inflation and a global trade war

Markets are betting Trump 2. 0 would boost the dollar. It could fall instead

https://www.economist.com/finance-and-economics/2024/11/07/sanctions-are-sinking-russias-flagship-gas-project

A source: www.economist.com/finance-and-economics/2024/11/07/sanctions-are-sinking-russias-flagship-gas-project