Opinions
The Illusion of Control: Introducing Price Caps on Russian Energy Might Backfire
The energy systems have tremendous inertia, and it would be a strategic blunder to think that a political directive can provide the EU with alternatives to the Russian energy by a wave of the magic wand. The EU wants to be in control of when it stops importing Russian oil and gas, but this may not be possible, writes Vitaly Yermakov, Expert, Centre for Comprehensive European and International Studies, HSE University.