The move leaves Europe at risk of severe energy shortages in the winter and the rest of the world bracing for price hikes.
that an oil leak had been discovered at a compressor station and the pipeline would not reopen after all.similar shut-offs a political move by the Kremlin to increase uncertainty as the European Union hits Russia with unprecedented sanctions in response to the war in Ukraine. Friday’s news will deepen fears that Russia will continue to curb — or even cut — gas supply.
The fallout could reverberate far beyond Europe, Liao said, as fuel shortages send prices up worldwide, putting financial strain on factories in South America and Asia that at a certain point couldn’t afford to operate.“Gazprom’s move is sadly no surprise,”Charles Michel, president of the European Council. “Use of gas as a weapon will not change the resolve of the EU. We will accelerate our path towards energy independence. Our duty is to protect our citizens and support the freedom of #Ukraine.
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