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25-06-2022, 06:58 AM
Putin is squeezing gas supplies. And Europe is getting seriously worried about a total shutdown
PUBLISHED FRI, JUN 24 2022 3:34 AM EDT
KEY POINTS
European leaders are growing increasingly concerned about the possibility of a full shutdown of gas supplies from Russia.
Europe — which receives roughly 40% of its gas via Russian pipelines — is trying to rapidly reduce its reliance on Russian hydrocarbons.
When asked if he was concerned that Russia could fully cut gas supplies, Luxembourg Prime Minister Xavier Bettel told CNBC: "I'm fully aware that they can ... It's their choice."
PUBLISHED FRI, JUN 24 2022 3:34 AM EDT
KEY POINTS
European leaders are growing increasingly concerned about the possibility of a full shutdown of gas supplies from Russia.
Europe — which receives roughly 40% of its gas via Russian pipelines — is trying to rapidly reduce its reliance on Russian hydrocarbons.
When asked if he was concerned that Russia could fully cut gas supplies, Luxembourg Prime Minister Xavier Bettel told CNBC: "I'm fully aware that they can ... It's their choice."
