It could also be his undoing. What alternative does Europe have to Russian gas? It could import more LNG. It could use more coal or oil or decide to go for more nuclear in the long term. Pain creates a reaction. Oh, what alternatives does Russia have to export pipeline gas that now goes to Europe? Pretty much zilch. It’s always good to leave a sleeping market sleeping. When you wake it up to its own reality you might create a monster you had better left sleeping. Not that Europeans would not deserve a good spanking by the bear.
Fresh from crowing over Europe’s gas crisis, Russian President Vladimir Putin now sees a chance to capitalize on it.