• Natural Gas News

    Moscow Times: EU Can Unite on South Stream, If Not Sanctions

    old

Summary

Strong suspicions of Russian involvement in the tragic shooting down of a Malaysian aircraft have led EU countries to consider new sanctions against Moscow.

by: Sruthi

Posted in:

Press Notes

Moscow Times: EU Can Unite on South Stream, If Not Sanctions

Strong suspicions of Russian involvement in the tragic shooting down of a Malaysia Airlines aircraft have led EU countries to consider new sanctions against Moscow.

Tough sanctions would involve targeting Russia's natural gas exports. But any new measures will fall short of this. Europe's dependence on Russian gas, and the pipeline projects that accompany it, handicaps the EU's response in the Ukraine crisis.

But if hard sanctions are not possible, the EU should at least make a choice in favor of energy independence from Russia. As a new European Commission forms in Brussels, EU leaders should appoint an energy commissioner with a strong backbone. The new commissioner should also be willing to confront one of the most effective Russian instruments for dividing Europe: the South Stream pipeline.

The EU has long known that it needs to improve its energy security, and events in Ukraine have placed it at the top of the European agenda. Russian gas accounts for nearly 30 percent of Europe's gas consumption, about half of which is transported through Ukraine.
MORE