Europe scrambles for natural gas solution as Putin squeezes supply
The European Union is racing to find alternative suppliers of natural gas after Russia's Gazprom halted flows to two EU nations, sparking fears that other countries may also be cut off.
The developments come as Brussels is fearful about nations and energy firms circumventing strict international sanctions on Russia — imposed on Moscow in the wake of its unprovoked invasion of Ukraine.
Gazprom, Russia's state-owned energy firm, cut supplies of natural gas to Poland and Bulgaria earlier this week, after both nations refused to pay for the commodity in rubles — something that President Vladimir Putin requested amid growing Western support for Ukraine.
The decision puts further pressure on the EU, which imports roughly 40% of all its natural gas from Moscow, to find alternative solutions.
https://www.msn.com/en-us/money/markets/europe-scrambles-for-natural-gas-solution-as-putin-squeezes-supply/ar-AAWHeVz