The logo of the Nord Stream 2 gas pipeline project is seen on a pipe at the Chelyabinsk pipe rolling plant in Chelyabinsk, Russia, February 26, 2020.
Image Source: 
REUTERS/Maxim Shemetov

Jeffrey J. Schott (PIIE)

Europe and the United States are under pressure to block the Nord Stream 2 natural gas pipeline if Russian forces invade Ukraine. Such a step would curtail Russian revenues, but Europe would have to give up vital gas imports needed to mitigate its energy shortages. Over the long term, Europe needs to speed its transition away from fossil fuels and dependency on Russian resources.

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Photo Credit: 
REUTERS/Maxim Shemetov

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