Europe’s Energy Crisis Is Bad, But Better Than Predicted ...Middle East

When Russia cut off natural gas supply to Europe overnight this fall, politicians and business leaders predicted a devastating energy crisis which would spark a massive recession. Europe was already contending with runaway energy prices as the continent struggled to recover from Covid-related supply chain and market hiccups while also sanctioning the Kremlin to condemn Putin’s illegal invasion of Ukraine.  Slapping energy sanctions on Russia was no easy feat for Europe. To outright cut off trade with the energy titan would be a pyrrhic…

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