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: It operated successfully through czars and communist regimes. Russia Is the Energy Supplier to Europe
Russia supplies 30% of Europe ’s oil and 40% of its natural gas. 7 ﻿ It aggressively uses pipeline politics to get its way. Putin knows that the European Union hesitates to defend Ukraine because it can't afford to lose Russia's energy supply. Would Putin actually do that? 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.