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Global Business

The Myth of Putin as World Energy Czar Is Running Out of Gas

Media commentary suggests that Russia is using its energy resources to hold the rest of the world hostage. To the contrary, write Yale SOM’s Jeffrey Sonnenfeld and Steven Tian, Russia’s actions have devastated its own economy and undermined its status as an energy exporter.

A Gazprom employee at the Bovanenkovo gas field on the Yamal peninsula in the Arctic circle in 2019.