world focus magazine subscription

world focus magazine subscription 

world focus magazine subscription   Published this article page no  14 NORD STREAM 2 PIPELINERecently the Nord Stream 2 (NS2) which is running across Russia to Germany is now completed.NS2 is a new export gas pipeline running from Russia to Europe across the Baltic Sea. o NS2s construction began in 2018 and is being implemented by the Nord Stream 2 AG project company.The decision to build Nord Steam 2 was based on the successful experience in building and operating the Nord Stream gas pipeline. o The new pipeline like the one in operation will establish a direct link between Gazprom and the European consumers.Significance of NS2 Pipeline o Economical and Environmentfriendly The 1224 km $11billion underwater link is the shortest most economical and environmentfriendly route to double Russias gas export to Germany. o Energy security to europe It will also ensure a highly reliable supply of Russian gas to Europe. 18NS2 is particularly important as Europe sees a decline in domestic gas production and an increasing demand for imported gas. o Offers stability in region The pipeline offers stability to the strategically important energy trade because Russias dependence on the European Union and viceversa are increased.Issues with NS2 o Impact several eastern European countries Many countries in Eastern Europe such as Poland Slovakia and Ukraine oppose Nord Stream 2 partially because of expectations of a loss of transit fees and partially because of fears that their economic and physical security would be jeopardised were the project to be completed. o US Sanctions in Allied Countries During the Cold War Western companies that violated the Western sanctions on technology supplies to the Soviet Bloc were frequently sanctioned. 19 About Bretton Woods ConferenceIt was conceived in July 1944 when delegates from fortyfour nations (met at Bretton Woods New Hampshire) agreed on a framework for international economic cooperation to be established after the Second World War.Aim was to agree on a system of economic order and international cooperation that would help countries recover from the devastation of the war and foster longterm global growth.This system advocated the adoption of an exchange standard that included both gold and foreign exchanges.At its conclusion the conference attendees produced the Articles of Agreement for the International Bank for Reconstruction and Development (IBRD) and IMF world focus magazine subscription buy.

world focus magazine subscription