Many talk show hosts
in the US make jokes about Trump is a Russian spy and one of the hosts even
make a joke that if Trump were a Russian spy, what he would do differently. Now
is the time to test if Trump is truly pro-Russian. Trump had a meeting with European
Commission chief Jean-Claude Juncker at the meeting and they announced a
"new phase" in EU-US relations after the meeting. One of the
agreements made during the meeting is EU will buy US liquefied natural gas to
diversify Europe's energy supply. Trump previously accused during the NATO
summit that Germany's energy supply was controlled by Russia. In addition, the
EU will buy more soybeans from US farmers.
The Trump
administration is Republican and it is not surprising to see they make benefits
for US oil companies, and the deal with the EU is great news for US oil
companies. However, this deal will deeply affect Russia's finance negatively.
The Russian economy is heavily dependent of its energy export; it is fair to
say that the EU is the largest Russia's energy consumer and even the UK does
consume some Russian natural gas. If the EU increases its consumption of US
liquefied natural gas, it means that the EU will reduce its consumption in
Russian natural gas, though liquefied natural gas shipped from the US is more
expensive than natural gas transported by pipelines.
The deal with the EU
certainly will benefit US energy companies and hurt the Russian economy,
especially given Russia's heavy dependence of energy export. Therefore, if
Trump makes the deal actually happen, it will be unfair to say that Trump is
pro-Russian.
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