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this most—favoured—nation trading _ status, there is some sympathy in washington that europe, of course, is in a very different situation from the us when it comes to the reliance on russian fuel and russian products. you look at what the us imports in terms of barrels of oil from russia. it is only about 700,000 a day, whereas for europe, it is 4 million. and then you look at some european countries that are one — almost 100% reliant on russian gas. so to tell their people that now you need to freeze or actually be paying through the roof for home heating and home cooking is going to be very difficult. so i think there are some compassion there within washington as to europe trying to go a little bit slower, and also recognising that, for example, you have chancellor 0laf scholz in germany already taking that step of suspending the nord stream ii pipeline, which the biden administration had wanted for a long time. and now they actually have done. the figures are dramatic — only 2% of that is to the uk. 8% to the us. europe is absolutely exposed.

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