Is Moscow bluffing on redirecting European gas supplies? thumbnail Moscow says it’s planning to build a pipeline to the Turkish-Greek border and no longer ship natural gas to Western Europe through Ukraine within 3 years. The project is far more about political competition than economics. Russia has announced that it will stop supplying Europe directly with natural gas via pipelines that transit through Ukraine within three years, Russian news agencies reported last week. The move threatens the European Union ‘s energy security and may force Europeans to move quickly to wean the continent from its long-standing dependence on Russian gas. Russia says it will use a newly-announced pipeline through Turkey to bypass Ukraine and channel about 60 billion cubic meters of gas — about 40 percent of all Russian exports to Europe — to a new gas hub on the Greek-Turkish border. Europe will be required to make its […]