Is Russia trying to fuel or fool Europe?

Is it really possible that Russian could impact the continent's energy security by simply turning off the gas tap? In theory, yes, says Ian Bond, director of foreign policy and a Russia expert at the Centre for European Reform. "But that goes in both directions. The question is whether the EU will freeze before the Russians run out of money," he adds. After all, the Russian economy – around the same size as Spain's – is highly dependent on selling gas and oil to Europe.