he Ukraine Crisis: A Game-Changer in the Global Energy Market?

Published on April 9th, 2014 | http://www.lobelog.com/the-ukraine-crisis-a-game-changer-in-the-global-energy-market/#more-23819

The Ukraine Crisis: A Game-Changer in the Global Energy Market?

by Sara Vakhshouri
The tension between Russia and the West, and particularly the European Union, over Crimea has once again raised questions over the security of energy supplies and the use of energy as a tool of foreign policy and diplomacy. On the one hand, energy exports are a vital source of income for Russia. On the other hand, its massive energy resources and supply dominance in the EU have deterred the EU and US from sanctioning the Russian energy sector.