The price of natural gas in Europe on Tuesday rose to $1,400 per 1,000 cubic meters after Germany said Russia’s Nord Stream 2 pipeline could not be greenlighted for launch, claiming rising tensions on the Ukrainian border.
What’s next for hundreds of millions of hard-pressed Europeans if Belarus delivers on the threat to cut off gas transit to the EU in the event of further provocations by the Bloc’s unelected leadership?
Give-and-take measures introduced by the Kremlin in response to the European Union’s anti-Russian sanctions have severely hit mutual trade between Moscow and Athens, with Greek exports to the country reportedly halved over the past seven years.
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