A Russian Gambit for the European Union

A RUSSIAN GAMBIT FOR THE EUROPEAN UNION What Crimea is costing Russians $50 BLN -7.1% - 12% - 17% Russia's losses for Q12014 alone At this pace, Russia could lose up to $150bn this year. This is even more than during the 2008 crisis, when capital flight amounted to $130bn. reduction in reserves collapse of stock market devaluation of ruble Old problems, new solutions Europe could be energy independent, provided that the EU is prepared to invest heavily in new infrastructure. oil gas main importing countries main exporting countries Russian gas vs American gas Who can replace How long will it Russian oil? take? Even with having to transport it across an ocean, American gas could prove cheaper than Russian gas. The current price for 1,000 cu m of US gas vs Russian gas. 5+ years Russian gas US gas 37% Iraq, Libya, the US 390 400 450 63% 2-5 years 500 600 Saudi Arabia for for Italy for Slovakia for the Baltics probable US price Germany Infographic: TEXTY.org.ua