Economists Warn Of A Recession In Europe If Russia Halts Gas Supply

Vladimir Putin has threatened to cut off the gas supply to Europe if the “hostile” nations—including all of the EU—do not start paying in rubles for gas. Flows from Russia continue, but the EU and its biggest economy, Germany, are bracing for a potential disruption to gas supply either because of an energy embargo on Russia or Russia halting supplies.   Without Russian gas, Europe faces gas rationing, recession, and sky-high energy prices—higher than recent record-highs, economists and analysts say. …