The EU and US political leadership want to sanction practically everything Russian, even against the advice of their own financial experts. But with coal and much nuclear decommissioned in recent years, Russia’s biggest export of all – natural gas – is something Europe can’t do without. The three ways to reduce imports of Russian gas are to import more LNG from elsewhere – expensively or to build out more renewable power, faster or to and to prolong the lifespan of coal and nuclear. In the long term only renewables is cost-effective but right now it’s LNG, coal and nuclear which can be ramped up in a matter of weeks. Germany’s Energy Minister Robert Habeck intends to expedite the passage of…