Title: Russian Economy: GDP, Type, Role in World Economy
Headings: How Russia's Pipeline Politics Holds the EU Hostage
How Russia's Pipeline Politics Holds the EU Hostage
Type of Economy
Russia Is the Energy Supplier to Europe
Russia's Aggression in Ukraine Resulted in Recession
Russia Invaded Georgia
Russia and U.S. Trade
Article Sources

Content: Absolutely. In 2006, he cut off gas supplies to Ukraine. Europe’s gas must flow through Ukraine. He held the gas hostage in a successful bid to charge higher prices. 8 ﻿
Putin used energy revenues to diversify into other European businesses. So any sanctions on Russia's economy will hurt these companies too. He's also put pressure on foreign energy contractors to increase Russia’s share of their profits. In the past, Russia had: Arbitrarily changed its agreements with Royal Dutch Shell and ExxonMobil. Granted a license to the Russian-owned oil company, Rosneft, to operate in ExxonMobil’s area.