A disruption in the flow of Russian gas to Europe this year is suddenly all too easy to imagine.
Europe’s natural-gas supply seems a lot less secure even than a few weeks ago. Last month, Moscow said it would end deliveries to Poland and Bulgaria, and the stakes rose again this week, after Ukraine’s gas-transport operator said it would stop transporting Russian gas through a key part of the country’s network. This prompted Moscow to sanction 31 European energy companies.
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