Tense EU-Russia Relations Spur Diversification on Both Sides

SUGAR LAND--March 24, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Russia's annexation of Crimea from Ukraine has pushed both the European Union (EU) and the U.S. to level sanctions against the nation. Complicating these tensions is the fact that Russia is an energy giant and currently supplies most of Europe, including Ukraine, with natural gas. This is a double-edged sword, however. Russia's economy relies heavily on these natural gas sales. As such, it may not be so quick to shut off the gas flow in response to these sanctions as some fear.