London-based consultancy MSI has contemplated the possibility of a shift in energy policy within the European Union (EU), where the EU changes its mind about the ban on Russian fossil fuels and decides to take a page out of U.S. President Donald Trump’s book by reviving its energy ties with Russia against the backdrop of trade wars, geopolitical challenges, and other brewing and ongoing storms on the global horizon.
Given the frequency of unexpected changes worldwide, MSI is of the opinion that nothing can be ruled out in the current global climate; thus, it decided to ponder what would occur if the European Union did a Donald Trump and reversed its energy rulebook, as a peace settlement in Ukraine could bring ripple effects across the energy industry, potentially returning Russian barrels to Europe.