EU Sees Economic Contraction if Russian Gas Supplies Are Halted

The European Union’s economy is likely to shrink for the rest of this year if natural gas supplies from Russia are shut down soon, while countries depend on that energy for production. lots of energy, the block said Monday.

European nations have been scrambling to sever their energy ties with Russia since the start of the war in Ukraine. While some has made significant progress, Monday’s warning underscores the scope of work that remains to be done to end the continent’s reliance on Russian supplies.

https://www.wsj.com/articles/eu-sees-economic-contraction-if-russian-gas-supplies-are-halted-11652694905 EU Sees Economic Contraction if Russian Gas Supplies Are Halted

Alley Einstein

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