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Russia’s energy sector adjusts to the post-Iraqi war context. Russia is slowly adapting to the post-war world. The energy sector clearly was shaken by a war that Moscow wanted to avoid. But realism always has been a cornerstone of Kremlin leaders. Some lessons have been learned, and this should be understood if one wants to avoid misreading future political developments.
As written in this very journal, Russian oil interests in Iraq, if important to some companies, never were a decisive factor. Russian policy toward Saddam Hussein has not been shaped by private interests, public debt or even former Soviet sentimentalism. Old, retired generals could have written classical anti-American papers in Russian media. But they are no more than old, retired generals. Oil tycoons also could have written papers, usually pro-American.
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Houston, TX - November 4-5
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