June 9, 2022
By Geoff D. Porter
Algeria is off the bench and in the game.
Much to everyone’s surprise, on 8 June, Algiers announced that it was withdrawing from a friendship and cooperation treaty with Madrid. Later that evening, Algiers ordered Algerian banks to suspend bank transactions with Spain as of 9 June. Algerian gas exports to Spain, which relies on Algerian supplies for nearly 50% of its energy needs, are not in Algiers’ crosshairs.
At least for now.
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