economy
March 7, 2026
The end of Russia’s gas era
Putin tells Russia’s energy sector: There’s no going back to EU

TL;DR
- Putin's remarks suggest a deep, long-term shift in Russia's energy strategy, not a short-term political maneuver.
- The primary audience for this signal appears to be domestic economic actors in Russia who hope for a return to traditional Western markets.
- European markets are increasingly viewed as declining, while "promising markets" elsewhere are gaining focus.
- The EU's green transition and geopolitical events have reshaped the European energy landscape.
- Russia's strategic pivot toward Asia, initiated in the early 2010s, is now seen as long-term planning.
- The EU will be treated as a residual market, not a priority, in Russia's energy strategy.
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