Another year EU-Russia energy war

 By Nina Bachkatov

According to European leaders’, the sanctions against Russian energy producers and exporters have reached their goals – depleting Russian’s national budget, which depends for almost half from energy’s trade, and finances the war in Ukraine. They rejoice that those sanctions provided EU with an incitant to drastically reform its energy sector. But that leaves open the question concerning the intermediary period, which will start in early 2023, especially if the West is not backed by other countries. Despite pressures, a majority of states still refuse to join sanctions that might threat their national interests, and are not ready to threat Vladimir Putin as the pariah president of a failed state. They also see the present crisis as an opportunity to increase their shares of the global market and their geopolitical profiles, to diversify their investments and their industrial basis.

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