Daniel Yergin and Carlos Pascual write in The Washington Post about how Europe can cut off Russian gas and oil without causing chaos.
- Europe has sanctioned Russian coal, but it can do more to truly cut off Russian energy and defund Putin’s war in Ukraine.
- Both the U.S. and Europe should reduce regulations and expedite the building of energy infrastructure such as LNG terminals and pipelines.
- Countries such as Germany can also eliminate dependence on Russia by not shutting off its remaining nuclear plants.
- Significantly reducing Russia’s share in the global energy market is necessary to countering Putin, but will require cooperation between governments and industries.
Read the full article here.