Rashid Husain Syed

In the ongoing “battle of wits” between the West and Russia, Washington and its allies are intent on constraining Russia’s energy exports—the life line of Russian economy. In Europe, efforts to diversify away from Russian gas are definitely taking place. And there has also been speculation that Washington has been attempting to persuade its Saudi Arabian ally to once again unleash a flood of oil into the market to drive down markets and bring Putin to his knees.

In the ongoing “battle of wits” between the West and Russia, Washington and its allies are intent on constraining Russia’s energy exports—the life line of Russian economy. In Europe, efforts to diversify away from Russian gas are definitely taking place. And there has also been speculation that Washington has been attempting to persuade its Saudi Arabian ally to once again unleash a flood of oil into the market to drive down markets and bring Putin to his knees.