Heard on the Street: Pipeline diplomacy with Moscow has built an interdependence that will take years to unwind
Europe and Russia have been gas-bound frenemies for decades. In Washington today, recently installed German Chancellor Olaf Scholzto rethink the relationship. While a quick breakup isn’t likely, change is coming.
Previous Ukraine crises pushed Europe to link up its internal energy market and invest in renewable power. The current one is likely to give another boost to clean energy and improve the region’s connections with the rest of the world.
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