Russia is the third-largest supplier of natural gas in the world. 72% natural gas & 48% oil exports from Russia go to Europe. If a war happens, Europe's energy supplies could get crippled. Palki Sharma tells you how this has unnerved energy markets.
#Russia #Europe #Gravitas
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#Russia #Europe #Gravitas
About Channel:
WION -The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to the politics of the world. People are tired of biased reportage and we stand for a globalised united world. So for us the World is truly One.
Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs as well as personal insults.
Subscribe to our channel at https://goo.gl/JfY3NI
Check out our website: http://www.wionews.com
Connect with us on our social media handles:
Facebook: https://www.facebook.com/WIONews
Twitter: https://twitter.com/WIONews
Follow us on Google News for latest updates
Zee News:- https://bit.ly/2Ac5G60
Zee Bussiness:- https://bit.ly/36vI2xa
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Francisco Gimeno - BC Analyst In the middle of winter energy markets are hit by the global geopolitical situation, more with Russia attacking Ukraine. Western Europe depends a lot from Russian gas and oil. Unfortunately this was forecasted some years ago, but few European countries have listened and purchase energy from different sources. Now it's too late for some countries. Russia energy exports can detour to Asia easily. Sanctions against Russia will make the energy situation worse and the final consequences will affect global energy companies working with Russian energy. Situation, even if the real conflict ends soon, is dire as Europe can't anymore depend on bully States for its energy.