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Europe Fears Widespread Economic Fallout if Russian Gas Outage Drags On
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As a deadline approaches for Russia to resume supplying natural gas to Germany this week, European officials and executives are growing concerned about a cascading economic fallout that would spread across the continent should Moscow keep the tap shut.
The Nord Stream pipeline that ferries gas from Siberia to Germany closed last Monday for annual maintenance that is expected to last 10 days. Many in the West fear that Moscow might prolong the closure, possibly permanently, and deprive Germany, Europe’s industrial powerhouse, of a key ingredient for its and its neighbors’ factories.
Read more on wsj.comAbout this in other media
Fears of winter gas shortages as Nord Stream reduced to 20% capacity euronews.com /1 year ago
U.S., Europe Dig In for Long Economic Standoff With Russia wsj.com /1 year ago
EU agrees plan to reduce gas use over Russia supply fears theguardian.com /1 year ago
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