As energy markets shrink, the same tactics that the Kremlin used to build Gazprom, the giant energy company, into a fearsome economic and political power that could restore Russian influence in the world are now backfiring, slashing both its profits and its influence.
GALABOVO, Bulgaria: An energy crisis brews as potential hydropower is largely misused
While Russia and Ukraine sparred over natural gas supplies in January, leaving swathes of Eastern and Central Europe shivering in the winter chill, another energy crisis was brewing in the Balkans.
Former Russian satellites in eastern Europe are hit hardest of all
TALK emptily of diversifying supplies while doing little and relying instead on cosy ties with the Russian gas business. That has been the common energy policy in much of eastern Europe in recent years. The row between Ukraine and Russia that has cut off gas to the region now makes it look a huge mistake.
