What Paul Gregory is Writing About: Russia’s Natural Gas Sales Plummet: Is Russia Captive To European Buyers?

Wednesday, December 24, 2014

Russia’s Natural Gas Sales Plummet: Is Russia Captive To European Buyers?

The received wisdom is that Europe cannot offend Russia because it depends so much on Russian natural gas. We have this backwards. It should be: Russia cannot offend Europe because it depends too much on sales of natural gas sales to Europe. Despite efforts to conceal the decline, Gazprom’s 3^rd quarter sales to Europe declined 15 percent and fell to zero for Ukraine. Cash-strapped Russia can ill afford such losses.

go to Forbes.com

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Who Am I?

Paul R. Gregory is a Research Fellow, Hoover Institution
Cullen Professor of Economics, University of Houston. He is also a research professor at the German Institute for Economic Research in Berlin. He is chair emeritus of the International Advisory Board of the Kyiv School of Economics. He serves as co-editor of the Yale-Hoover Series on Stalin, Stalinism, and Cold War. He has co-edited archival publications, such as the seven volume History of Stalin's Gulag (2004) and the three-volume Stenograms of Meetings of the Politburo (2008). Gregory is the organizer of the Hoover Sino-Soviet Archives Workshop that takes place in the summer at the Hoover Institution.
His recent publications include Lenin's Brain and Other Tales from the Secret Soviet Archives (Hoover 2004) and Terror by Quota (Yale, 2009).

Paul Gregory has a regular blog Forbes.com