Watch: Energy rationing would be the worst-case scenario for Europe in winter, says Eurasia Group
(youtube.com)
Henning Gloystein of the political risk consultancy discusses the possible repercussions of gas supply disruptions from Russia to Europe.
-
- 1
Francisco Gimeno - BC Analyst This is a big elephant in the room. Russia behaviour needs to be punished, and thus sanctions are there. But the dependence of almost all Europe from the Russia gas for energy is making people wonder what is going to happen when winter comes (even a mild one). This is a big economic weapon for Russia which can be used in many ways, from cutting all gas to threats, to cut percentages of gas, to make sales connected to easing or deleting the sanctions... Whatever it happens it will need a united Europe, a prepared public and a huge transformation of the energy market in this part of the world.