Europe Fears Widespread Economic Fallout if Russian Gas Outage Drags On

As Russia approaches a deadline this week to resume natural gas supplies to Germany, European officials and leaders are increasingly concerned about a cascading economic damage that would spread across the continent should Moscow shut the spigot.

The Nord Stream pipeline, which carries gas from Siberia to Germany, was closed last Monday for annual maintenance work that is expected to last 10 days. Many in the West fear Moscow could potentially extend the shutdown permanently, depriving Germany, Europe’s industrial powerhouse, of a key ingredient for its and its neighbors’ factories.

https://www.wsj.com/articles/europe-fears-widespread-economic-fallout-if-russian-gas-outage-drags-on-11658136780 Europe Fears Widespread Economic Fallout if Russian Gas Outage Drags On

Alley Einstein

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