With Russia’s invasion of Ukraine, the world has come to the realization that it cannot rely on an autocratic regime for its supply of oil and gas. The European Union, and in particular Germany, now understands that a significant reliance on Russian oil and gas is unacceptable. With such exposure, the EU has found itself in the position of either being forced to make economically damaging reductions in these imports, or in effect continuing to finance Vladimir Putin’s brutal aggression against the people of Ukraine.
