Following the Russian incorporation of the Crimea the West has imposed sanctions on the Russian banking sector as well as on Russian and Ukrainian individuals with close contacts to the Putin regime. In spite of these somewhat symbolic sanctions, the first effects are already apparent: capital is flowing out of Russia and planned European investments in the country are being put on hold. Matthias Ruchser from the German Development Institute examines how recent divergences between the West and Russia might impact the energy transition in Germany and Europe.
In social media, one new meme seems to be that Germany is too dependent upon energy imports from Russia to take a strong stand on Ukrainian independence. Craig Morris says those commenters confuse energy with natural gas, and they overlook Russian dependence on Germany and the EU.