Energy Dependence Blunts Threat of Consequences for Ukraine Aggression
By Ryan Haddad
The U.S. and its allies have been stressing that they are united on the consequences for Russia if it invades Ukraine.
But with a parade of European leaders and officials (including, today, German Chancellor Olaf Scholz) scurrying between Kiev and Moscow in hopes that diplomacy can defuse the political crisis, it’s clear that the Biden’s administration’s threat of “severe economic consequences” might not be enough of a deterrent, writes Ryan Haddad, research affiliate at the University of Maryland’s Ed Snider Center for Enterprise and Markets, in The Conversation.
“Russia has something that may undercut that solidarity: a network of European countries, Germany in particular, dependent on it for energy exports, especially natural gas. That may make them reluctant to go along with severe U.S. sanctions.
This dependence didn’t happen overnight. And as I’ve learned while working on a book on U.S. economic warfare against the USSR during the Cold War, this issue has tended to divide America and its allies – in part because of how Russia has exploited the ambiguity of its intentions.
Read the rest in The Conversation.
Maryland Today is produced by the Office of Strategic Communications for the University of Maryland community weekdays during the academic year, except for university holidays.
Faculty, staff and students receive the daily Maryland Today enewsletter. To be added to the subscription list, sign up here:Subscribe