Only a handful of European countries have refused to impose sanctions on the Russian Federation after the United States called for them once Moscow’s “special military operation” in Ukraine began on February 24. Serbia is one such outlier. As a result, the West is pressuring the Balkan nation to change its foreign-policy vector and pick a side in the Russo-Ukrainian conflict, reports Nikola Mikovic.
With Russia recognizing on February 21 two breakaway republics in Ukraine’s Donbass region, war between Russia and U.S.-backed Ukraine appears closer than ever. However, such an escalation means Europe is bound to face an energy crisis, as sources of oil and gas remain too small or unreliable to meet its needs, writes Nikola Mikovic.
Markets do not solve the problem of energy pricing. What is required is planning and long-term investments in infrastructure, writes Prabir Purkayastha.