The crisis in Ukraine is the most severe security challenge in Europe after the Cold War. Energy has featured prominently in public debates surrounding the conflict. Yet, energy-market realities hinder some of the political preferences that currently feature prominently in…
The 2014 Ukraine-Russia crisis offers important lessons for energy markets and scholarship
While the 2014 Ukrainian crisis is far from over, policy debates surrounding the standoff between Russia and the United States and Europe already offer some important lessons on the gap between the policy world and the realities of energy markets.…
Understanding the risks of sanctioning Russian oil
With secessionist events in Ukraine unfolding, further U.S. and EU sanctions against Russia remain a policy option. Russia’s oil sector fuels roughly forty percent of the country’s current budget, so finding an effective way to sanction it is an obvious…
Don’t make Ukraine about energy
As tensions in Ukraine continue to rise, G7 countries have decided to impose new sanctions on Russia. Sanctions targeting the energy sector, which account for roughly 25 percent of Russian GDP and half the country’s budget revenues, have increasingly gained…