What if Moscow turns off the gas as the Ukraine conflict deepens?
CNN
If Russia halts its supply of gas to Europe to retaliate against the punishing sanctions for its invasion of Ukraine, the region should still be able to make it through next winter. But it won't be easy or cheap.
That's the conclusion from a report published Monday by Bruegel. The Brussels-based think tank warned that preparations "must be made for a complete termination of all Russian gas flows to Europe."
"If the EU is forced or willing to bear the cost, it should be possible to replace Russian gas already for next winter without economic activity being devastated, people freezing, or electricity supply being disrupted," Bruegel's researchers said. "But on the ground, dozens of regulations will have to be revised, usual procedures and operations revisited, a lot of money quickly spent and hard decisions taken."
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