Russia has threatened to cut gas supplies to Ukraine on January 1st if a $2 billion gas debt is not resolved, and both countries stand to lose if they fail to reach a settlement in time. Carnegie experts in Washington and Moscow discuss the implications of the dispute for regional stability, European energy security, and Russia’s relations with the West.
As the international system becomes increasingly multi-polar, Russia and the European Union must find ways to cooperate with one another and engage in dialogue on issues that create strain between them, such as missile deployment in Poland.