NO it won't , Europe has made it quite clear that they wont stop buying energy from Russia and they cant, you cannot just switch supples from Russia to Saudi's in a fortnight you need to build the necessary infrastructure for that...
Meanwhile Russia is making massive energy deals with China and India , Russia has nothing to loose , Europe cannot stop buying energy all of a sudden... and even if they do decade to get oil and gas from the Middle east, it will cost them too much and E.U considering the state of the economy cannot handle such cost increases
That may be true , but the economic benefits for Russia far outweigh the disadvantages .. Europe and US wanted to use the oil in black sea to supply energy to Europe that would essentially replace Russia . The annexation of Crimea has lead Russia to gain a massive oil and Gas deposits , and if Eastern Ukraine falls , Russia will also end up being the bread basket of Europe ...