“all G-7 ministers agreed completely that this (would be) a one-sided and clear breach of the existing contracts.”
That’s damned funny. /s
The G-7 declared economic war on Russia freezing their assets, destroying their economy, and crushing their currency. So now contracts mean something? You don’t cancel major countries like you do individuals in the West or small powerless countries. Biden is using Tik Tok against Putin. The Biden Administration is living in a fantasy world.
We have stumbled into a new Cold War. No one seems to care or notice. It is a profound development that will alter the geopolitical landscape for decades to come. The Law of Unintended Consequences portends bad news for all of us.
The existing contracts are super-lucrative. I guess Putin is open for new contracts if the initial conditions are rejected, but they are going to pay actual market price.