Business Insider -
11 Aug 2014 18:41

Tough sanctions imposed on Russia by Europe and the United States will damage the ability of Russian banks and energy companies to raise capital and buy technology. But Russian oil and gas will still flow into Europe. That's because Vladimir Putin has spent years turning the country into an energy powerhouse, what Sen. John McCain called, "a gas station masquerading as a country." Russia provides Europe with roughly one-third of its oil and about 30% of its natural gas through state-controlled e...
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