This paper addresses the issue of asymmetric energy relations between the Czech Republic and the Russian Federation. The theory of interdependence is a widely used concept in political and economic studies of international relations. As can be seen from the analysis of Czech-Russian energy relations and its costs and benefits, the interdependence cannot be limited to a situation of equal interdependence. Energy sensitivity and vulnerability of the Czech Republic towards Russia is considered as a key source of power for the energy policy of Russia vis-a-vis the Czech Republic. The evidence for this claim can be found in the procedures and expressions of Russia's energy policy. On the other hand, the energy policy of the Czech Republic is influenced by the European Union and its focus on the liberalization of the energy market, diversification of the currently existing transportation routes and legislative proposals aimed at strengthening the EU's own energy security. The European Union significantly contributes to an increase of the energy security of the Czech Republic. The European Union and regional cooperation (such as the V4 group) could balance out the asymmetry of interdependence, thus lowering the sensitivity and vulnerability of the Czech Republic towards Russia. (C) 2012 Elsevier Ltd. All rights reserved.