Russia ready to abandon South Stream pipeline, says Putin – FT.com

European flag outside the Commission

European flag outside the Commission (Photo credit: Wikipedia)

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via Russia ready to abandon South Stream pipeline, says Putin – FT.com.

As I read this article, I concluded that once again President Putin seemed to be steps ahead of the European political leadership. The essence of the story is that the European Commission bureaucrats intervened on South Stream, raising regulatory issues. This was followed with sanctions on Russia because of the Ukrainian intervention. But it looks like Russia is quickly able to cement new geopolitical relationships. Ultimately, Europe is suffering from sanctions on Russia. Personally, I fear that Europe will continue to be ponderous compared to Russia’s swift decisions and maneuvers.

Thoughts?