Russia’s move on Crimea comes at a huge loss of revenue for its energy giant Gazprom. But Russia’s strategy extends its geopolitical influence and reaps offshore oil and gas potential while disrupting Ukraine’s own energy policy of self-sufficiency.

<i>Russian President Vladimir Putin’s annexation strategy in Crimea has been driven by Russia’s energy foreign policy strategy and its aim to undermine Ukraine’s energy and gas diversification strategy. This has been overlooked by both Europe and the United States. Russia’s action has deprived Ukraine of the chance to develop vast offshore oil and gas resources off the Crimean coast. It also undermines Ukraine’s strategy for energy i...

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Dr. Frank Umbach
Russia’s energy strategy abroad has always aimed to maintain and deepen Europe’s dependence on Russian energy supplies. This increases Russia’s economic and geopolitical influence and reduces risks to its national security
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