Russia's intervention in Crimea could provide more impetus to invest in Ukraine's shale gas resources, according to Robert Bensh, a Kiev-based energy expert with 13 years of experience in Ukraine's energy industry. The Crimea annexation should make energy independence a higher priority for Ukraine.
I feel sorry for the people of Crimea who fell for Russia's lie. The regime will soon show them that even the subtropics can have polar nights. Still, the most powerful Ukrainian army – that of freedom and democracy – marches on, fulfilling its mission, including the liberation of Russia.
Even as the EU and US weigh more sanctions against Moscow, they must unite behind a plan to lift Ukraine into a stable democracy with a West-oriented economy. That would be the best deterrent to further Russian designs.
Crimean and Russian leaders signed an agreement Tuesday, annexing the Ukrainian peninsula as part of Russia. Meanwhile, Vice President Joe Biden promoted European energy security in Poland and Lithuania, but stopped short of aggressive US oil and gas intervention as a way to counter Russia.
If sanctions related to Russia's annexation of Crimea intensify, Russia may speed efforts to boost its industrial and energy ties in Asia.
Europe has sanctioned Russian individuals in response to the Crimea crisis, but it confronts an inescapable fact when it comes to targeting Russia's natural gas and oil exports.