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Published 2 years ago

How Biden could impact effect of potential war in Ukraine on Europe's energy crisis

Summary by Ground News
Biden has warned of severe economic restrictions if Russian troops cross into Ukraine. One big risk to the flow of gas to Europe would be sanctions either cutting Russia off from the ability to trade in foreign currency or other restrictions on its banks. In the most extreme scenario, Gazprom PJSC could retaliate by cutting gas supplies to Europe.

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