To date, U.S. threats to retaliate against construction of Nord Stream 2 have done nothing but irritate Europeans, who have ignored them, while furthering the Continent’s desire to escape Washington’s suffocating embrace.
Russia’s exclusion from the G8 has been a political punishment to bolster a propaganda narrative for undermining and isolating Russia. This is again why the G7 is no longer a viable forum for its stated purpose of advancing the global economy.
With member-states haggling over tit-for-tat protectionist measures against each other, Russia’s absence from the economic talk shop has never been more conspicuous.
In any international agreement no one ever gets everything they want, but they can get enough to make the enterprise worthwhile.