- The Strategist - https://www.aspistrategist.org.au -
Are Europe’s sanctions on Russian energy doing it more harm than good?
Posted By Brahma Chellaney on December 20, 2022 @ 13:00
Article printed from The Strategist: https://www.aspistrategist.org.au
URL to article: https://www.aspistrategist.org.au/are-europes-sanctions-on-russian-energy-doing-it-more-harm-than-good/
[1] increasingly important: https://www.economist.com/finance-and-economics/2021/04/22/sanctions-are-now-a-central-tool-of-governments-foreign-policy
[2] United States: https://www.bloomberg.com/news/articles/2022-06-07/the-us-is-now-sending-the-bulk-of-its-export-gas-to-europe
[3] more expensive: https://www.france24.com/en/tv-shows/down-to-earth/20220429-russian-gas-turning-the-taps-off
[4] exorbitantly priced: https://www.imf.org/en/Publications/fandd/issues/2022/12/beating-the-european-energy-crisis-Zettelmeyer
[5] timetable: https://edition.cnn.com/2022/05/18/energy/europe-repower-plan-russian-energy/index.html#:~:text=Presenting%20its%20%22REPowerEU%22%20plan%20on,up%20the%20transition%20to%20renewables.
[6] Inflation Reduction Act: https://www.energy.gov/lpo/inflation-reduction-act-2022
[7] deep recession: https://www.bloomberg.com/news/articles/2022-11-11/eu-says-recession-is-now-here-and-inflation-shock-will-linger-on
[8] gas prices: https://www.imf.org/en/Publications/fandd/issues/2022/12/from-abundance-to-thirst-Pescatori-Stuermer
[9] destabilised: https://www.wsj.com/articles/energy-prices-in-europe-surge-after-russia-slashes-gas-flows-11658922623
[10] contraction: https://ec.europa.eu/commission/presscorner/detail/en/ip_22_6782
[11] rolling power outages: https://www.nytimes.com/2022/12/05/business/europe-france-power-outages.html
[12] turned to coal: https://www.nytimes.com/2022/06/19/world/europe/germany-russia-gas.html
[13] Emmanuel Macron: https://www.project-syndicate.org/columnist/emmanuel-macron
[14] pleaded: https://www.pbs.org/newshour/world/watch-live-biden-and-frances-macron-holds-news-briefing-as-tensions-brew-over-u-s-climate-law
[15] beginning to fray: https://www.wsj.com/articles/ukraine-wars-economic-ripples-sow-discord-between-washington-allies-11669718131
[16] introducing: https://www.wsj.com/articles/ukraine-says-oil-price-cap-wont-dent-russias-ability-to-fund-war-11670152525
[17] deepening: https://academic.oup.com/princeton-scholarship-online/book/23385
[18] neo-Nazi roots: https://www.nytimes.com/2022/09/17/world/europe/sweden-far-right-election.html
[19] suffered: https://www.wsj.com/articles/economic-war-of-attrition-takes-toll-on-russia-west-11658050201?mod=hp_lead_pos8
[20] fifth: https://www.nytimes.com/2022/11/22/world/europe/ukraine-russia-state-of-war.html
[21] 11% of global energy consumption: https://ec.europa.eu/eurostat/statistics-explained/index.php?title=The_EU_in_the_world_-_energy#Total_energy_supply
[22] disrupt the entire global economy: https://www.worldbank.org/en/news/press-release/2022/09/15/risk-of-global-recession-in-2023-rises-amid-simultaneous-rate-hikes
[23] inadequate production capacity: https://www.reuters.com/business/energy/opec-sees-bigger-2022-surplus-amid-slower-demand-growth-report-2022-05-04/
[24] losing access: https://www.eenews.net/articles/europes-scramble-for-lng-leaves-asia-starving-for-energy/