MenuOn Wednesday, Hungary demanded that shipments of Russian oil be exempt from the European Union’s proposed sanctions. This statement comes amidst tense negotiations between Budapest and Brussels over the EU’s sixth round of penalties against Moscow. Budapest has proven the most skeptical of the plan, which requires the unanimous consent of member states. Read the full article…
Category Archives: Russia & Eurasia
Energy-Driven Ruble Rebound Won’t Rescue Russia
On Monday, President Vladimir Putin claimed that Western sanctions imposed against Russia have failed in a televised address. He said the strategy of economic blitzkrieg did not provoke an immediate meltdown of the economy as expected. Instead, he touted the strength of the ruble, Russia’s currency. Read the full article here…
The U.S. Can Win Over Russia’s Neighbors
Vladimir Putin’s war against Ukraine has provided the U.S. with a critical opportunity to diminish Russia’s influence over its neighbors by giving them technical assistance, economic development, and security that neither Moscow nor Beijing can. Read the full article…
The U.S. Can Win Over Russia’s Neighbors
Vladimir Putin’s war against Ukraine has provided the U.S. with a critical opportunity to diminish Russia’s influence over its neighbors by giving them technical assistance, economic development, and security that neither Moscow nor Beijing can. Read the full article…
To Defeat Putin’s Totalitarianism, Work With Russians
The White House walked back President Joe Biden’s recent remarks in Poland calling for Russian strongman Vladimir Putin’s removal from power. Coming from the American president, the statement was unnecessarily inflammatory amid a strategic environment fraught with dangers of unintended escalation. Read the full article…
Strategic Petroleum Reserve Release Should Help Americans, Hurt Putin
Oil prices experienced their largest weekly losses in over two years following President Joe Biden’s announcement to release some 180 million barrels of oil (mbd) from the U.S. Strategic Petroleum Reserve (SPR). The 6-month, 1 million barrel per day (bpd) injection is the largest in U.S. history and marks the third time Washington has tapped into Department of Energy
Putin’s War in Ukraine Forces New Energy Reality on Europe
During President Joe Biden’s visit to Europe, the US struck a deal with the EU to boost its liquefied natural gas (LNG) supply as the trade bloc seeks to reduce its dependence on Russian gas. The war in Ukraine highlighted the Old Continent’s unsustainable Russian energy habit. Read the full article…
Can Energy Exports Save The Russian War Machine Facing Western Sanctions?
Last week President Joe Biden announced a complete ban on Russian oil and gas imports – the latest in a series of debilitating sanctions meant to punish Russian President Vladimir Putin for his crimes against Ukraine. The declaration followed an already steady stream of US and Western energy companies who were departing the Russian marketplace on their
The US Bans Russian Energy Imports – Symbolically
As Russia’s war in Ukraine intensifies, the Biden administration banned Russian oil and natural gas purchases. This move represents a departure from initial Western sanctions against the Kremlin, designed specifically to avoid interference in Russian energy flows – particularly to import-dependent Europe. Read the full article here…
As Russia Seizes Europe’s Largest Nuclear Power Plant, Ukraine Battles Wartime Energy Challenges
Russian forces in Ukraine seized the Zaporizhzhia nuclear power station Friday, the largest nuclear power plant in Europe. Brazen tank and artillery attacks on the Ukrainian forces defending the plant resulted in a hazardous fire on some of the facility’s auxiliary buildings. Read the full article…