Christopher Stakhovsky

The recent shutdown of Kashagan oil field in Kazakhstan represents one of the most scathing riches-to-rags stories in modern oil history. 

Waltzing with the Russian bear has never been a feat Europe was able to handle. With the fall of the Yanukovych regime already accomplished, the EU is now on a collision course with Moscow, which has threatened to cut off gas supplies to Ukraine in an effort to strong-arm the new administration in Kiev. My piece argues that Brussels is unprepared for such an outcome and that a three-pronged strategy, accomplishable in the medium term, is needed in order to achieve the long vaunted goal of energy independence from Moscow’s whims.