The Russian attack on Ukraine has led to turbulence on the Asian energy markets. The consequences are manifold: on the one hand, the rise in the price of fossil fuels may well provide decarbonisation with new momentum in many Asian countries. On the other hand, states such as India and especially China might try to cheaply purchase Russian energy resources, which are being increasingly shunned in the West. Thus Moscow, subject as it is to sanctions, has new opportunities for energy cooperation – but risks becoming increasingly dependent.
