Chartbook #150: Why "cheap Russian gas" was a…

Right now German grand strategy is in the crosshairs of criticism. Germany is faulted for having appeased Putin. It is faulted for having neglected the Bundeswehr and on top of that, the Federal Republic is facing an energy crisis like none other in its history. Gas deliveries from Russia have been severely curtailed if not halted altogether, exposing the dependence of German energy consumers - both households and industry - on pipelined gas from the East. Critics of German strategy point out that the risks of dependence on Putin should have been obvious at least since the Russian annexation of Crimea in 2014. And despite that, the share of Russian gas in German consumption continued to increase not decrease. At the same time, Germany phased out its nuclear reactors and failed to accelerate the energy transition, leaving itself even more vulnerable.

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