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Russian energy supplies to Europe: the Crimea crisis: mutual dependency, lasting collateral damage and strategic alternatives for the European Union
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Stiftung Wissenschaft und Politik -SWP- Deutsches Institut für Internationale Politik und Sicherheit
Abstract At least in the medium term Russia will remain the backbone of Europe’s energy supply. While the European Union possesses enough storage capacity to bridge a temporary interruption of gas supplies routed through Ukraine, it has precious few other immediate alternatives. In the medium to long term, h... view more
At least in the medium term Russia will remain the backbone of Europe’s energy supply. While the European Union possesses enough storage capacity to bridge a temporary interruption of gas supplies routed through Ukraine, it has precious few other immediate alternatives. In the medium to long term, however, Europe has diversification options that would also expand its foreign policy leeway. Overall, strong reciprocal dependencies and economic rationality should mitigate against allowing the political conflict to spread into economic and energy relations. Otherwise both sides will suffer massive economic harm. (author's abstract)... view less
Keywords
Russia; Ukraine; political conflict; natural gas; export; energy supply; energy policy; EU; economic relations; international relations
Classification
International Relations, International Politics, Foreign Affairs, Development Policy
Document language
English
Publication Year
2014
City
Berlin
Page/Pages
4 p.
Series
SWP Comment, 16/2014
ISSN
1861-1761
Status
Published Version; reviewed
Licence
Deposit Licence - No Redistribution, No Modifications