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Monday, March 24, 2014 4:38:20 PM
Going After Gas
There might be only one way to substantially punish Putin - by cutting off gas supplies from Russia to Europe.
“The reality today is that Russia supplies 31 percent of EU gas imports, 27 percent of crude oil imports, 24 percent of EU coal imports, 30 percent of total EU uranium imports, and is the EU’s third-largest supplier of electricity,” Edward Goldberg, a professor at Baruch College and the New York University Center for Global Affairs, said in a recent interview. “In turn, the EU is not only easily Russia’s largest trading partner, but it is the market for 88 percent of Russia’s oil exports, 70 percent of its gas exports, and 50 percent of its coal exports.
http://finance.yahoo.com/news/woman-could-bring-putin-knees-093000249.html
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