The shutdown of Russia’s Nord Stream 1 pipeline is propelling Europe towards a near-certain gas shortfall this winter. Quick action is required for Europe to learn to live with less gas, writes LJucca:
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Euro slides below $0.99 after Russia halts gas supplies to EuropeThe euro has fallen below $0.99 for the first time in 20 years after Russia said it would shut off its main gas supply pipeline to Europe indefinitely.
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Russia blames Europe for Nord Stream 1 haltKremlin blames European politicians for keeping shut the Nord Stream 1, saying their economic sanctions on Russia had hindered Gazprom's maintenance of the pipeline
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European Stocks Slide as Key Russian Gas Pipeline to Remain ClosedEuropean indexes fell sharply and the euro touched a new 20-year low after Russia extended a halt to natural-gas flows through Nord Stream, sending energy prices soaring.
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Russia made $158B in energy exports since Ukraine conflictEuropean Union was the top importer for Russian fossil fuel exporters during six months of Moscow's Ukraine onslaught, followed by China, Finland-based think tank reports
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Ukraine's Kherson Counteroffensive Advances; Euro Drops After Russia Gas HaltEuropean markets are feeling the fallout from the war in Ukraine, with the euro falling below 99 cents after Russia shut off its gas supply pipeline to Europe.
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