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" "However, shifting gas sales, for example, to Chinese markets is not possible. ... In the case of China, it might take 10 to 15 years to build the infrastructure. The existing pipeline to China is small and is not connected to the areas currently supplying Europe. To lose your biggest, most lucrative market, to lose 80% of your revenues, and become fully dependent on China, does not look like a very smart or strategic move. That does not look like a victory.
Andriy Kobolyev (Ukrainian: Андрíй Володѝмирович Кóболєв; born August 16, 1978) is a Ukrainian politician and businessman, former chief executive officer of Ukrainian largest national oil and gas company Naftogaz.
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Beyond the military domain, the most obvious target for such retaliation is Russian energy exports, which account for roughly 36 percent of the country's total budget revenues, most of which are used to fund military expenditure. Europe should move fast to replace Russian energy supplies permanently.
The Russians and Putin have always believed Europe can never survive without Russian oil. ... Putin thinks if he wins in Ukraine, the Kremlin will be forgiven because there is no alternative, and the west is weak. That is how he thinks, how Gazprom thinks, and how Rosneft thinks. That is how they see the world. That is why Putin personally controls the energy trade. It is his sacred cash cow. ...There is a Russian proverb: a sacred place is never empty for long.
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