by Nicolas Loris, Jack Spencer
The Heritage Foundation
March 13, 2014
Whether military, diplomatic, economic, or otherwise, the U.S. government has an array of policy options to bring to bear in response to Russia’s unacceptable aggression against Ukraine. However, one must not discount the impact that free markets and free trade can ultimately have on the situation. Much of Russia’s power in the region is the result of its control over energy supplies and distribution systems. Diminishing Russia’s economic leverage over the region should be a key component of America’s response. This could be largely accomplished simply by liberalizing global energy markets. The U.S. has antiquated and unnecessary restrictions on exporting liquefied natural gas (LNG) and crude oil, and Congress should make lifting these restrictions a priority.



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