Four years ago, at a Track II dialogue between German and American diplomats and analysts, a German colleague of mine explained his firm belief that his country—and, by extension, Europe as a whole—could use geoeconomic tools to regulate and blunt Russia’s geopolitical ambitions. Europe’s need for natural gas, he said, was balanced by Russia’s need to sell. A European strategy of energy diversification would therefore give the West leverage over Moscow, which would not want to risk its access to European markets by making bold political plays. The plan was for European governments to encourage gas utilities to shift from […]
