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EU says it’s ready if Russia decides to cut off the gas

2022-03-04 08:59:13       source:CNBC

March 3, 2022


The European Union is ready in case Russia decides to cut off gas supplies to the bloc in the wake of the Ukraine invasion and subsequent sanctions, Europe's energy chief told CNBC Thursday.


The EU receives most of its natural gas supplies from Russia. In 2020, the country accounted for 43.4% of the EU's natural gas stock, followed by Norway at 20%.


However, after Western countries imposed severe sanctions on Moscow for its unprovoked invasion of Ukraine last week, there is concern that the Kremlin could retaliate by cutting natural gas supplies to Europe.


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https://www.cnbc.com/2022/03/03/kadri-simson-says-eu-ready-if-russia-decides-to-cut-off-the-gas.html