Europe needs gas and Russia needs cash, so expect an energy-fuelled reconciliation

The Ukraine crisis caused relations between Russia and the EU to fall to their lowest point since the Cold War. But despite the bickering and outright conflicts, both still need each other: Europe relies on Russian gas to keep warm, and Russia in turn needs revenues. With winter on its way and capital flight from Russia reaching dangerous levels, the outlook should draw the EU and Russia back together.

Europe needs gas and Russia needs cash, so expect an energy-fuelled reconciliation. Digital scholarly resource.

Spataru, C., Bleischwitz, R. (2014).