Cold War v2.0: Oil & Gas Edition

Financial Times: Gazprom steps up Ukraine gas war
Russia is reducing natural gas supplies to Ukraine, claiming that the country has not paid its bills. Ukraine claims it is trying to negotiate but Russia is not responding. Because crucial gas pipelines between Central Asia and Europe pass through Ukraine, the EU is alarmed, and shortages could soon spread. It is unfortunate that we now find that much of Europe’s energy stability in the hands of Russia, a country with a freshly entrenched dictator who is delighting in the renewed power oil wealth brings his nation after a decade of humiliating poverty.