Category Archives: Europe

Energy Policies Can Be Both Geopolitical & Green

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April 29, 2022 — Russia’s invasion of Ukraine has amplified the importance of national security objectives when Western nations formulate energy policy.  At the same time, they should not take their eye off the ball of reducing environmental damage and, in particular, slowing down greenhouse gas emissions.  Both goals, geopolitical and environmental, are urgent.  The national security and environmental objective should be evaluated together, rather than via separate “stove pipes.”

Some talk as if the two goals are necessarily in conflict — because, for example, fighting back against Moscow by boosting domestic US oil production would contribute to air pollution and global climate change.  But there are plenty of steps that would benefit the environment and simultaneously further the geopolitical objective.  The most obvious steps, especially for the EU, are sanctions that cut demand for imports of fossil fuels from Russia. read more

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Surprisingly Strong Sanctions

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March 21, 2022 — The surprising strength of economic sanctions deployed multilaterally against Russia this month has been exceeded only by the surprising strength of the heroic Ukrainian resistance to the invasion of their territory.  True, it is hard to imagine sanctions bringing the Russian economy to its knees faster than Russian troops are able to complete the hundred-mile advance to Kyiv from the border.  But sanctions have gone macroeconomic.  Ultimately, the Russian economy will suffer severely and lastingly. read more

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History Advises Biden to Match Signals with Actions in Ukraine

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December 24, 2021 — As Russian troops mass along the border with Ukraine, the White House has been calibrating its response. President Joe Biden has warned that in the event of an invasion, the US and allies would make Russian President Vladimir Putin pay a heavy price. Likely measures would particularly include economic sanctions such as a cut-off from the SWIFT payments system and turning off the new Nord Stream 2 pipeline.  Good. It is possible that such threats will deter Putin.

Biden has also said that he would not send military personnel.  Also, good, given that a threat to intervene militarily would be a bluff. Americans and Europeans are not in fact prepared to send troops to Ukraine. Even though the Russian invasion of a sovereign European country is a terrible thing, reminiscent of 1939, all perceive that Putin feels his country’s interests to be at stake in Ukraine more than Americans do. read more

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