The cutoff of gas supplies to Ukraine by Russian gas giant Gazprom is not an acute crisis among embittered neighbours. Nor is Russia's heightened tensions with the United States a mere tiff in the history of their diplomatic relations. Rather, they more symptomatic of strained relations between a resurgent Russia and an energy-dependent West.
Oil is the mainstay of the Russian economy. Russia has the earth largest known natural gas reserves and recently surpassed Saudi Arabia as the w...
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