Europe’s Short-term Russian Gas Replacement Options; Estimated Costs for Russia and EU
By Roman Kilisek
A
Russian natural gas supply cutoff to Ukraine due to unpaid bills in the
amount of $3.51 billion - which could occur next month - would also
indirectly impact the European Union. Over half of Russia’s gas exports
to Europe transit the Ukraine. A recent Bloomberg article draws the
conclusion that it will be extremely difficult for Europe
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