Woodmac: Full cut-off of Russian gas could trigger global recession
Europe is currently less dependent on Russian gas in the short term than previously, according to analyst firm. However, turning off the gas spigot completely would lead to even higher prices, industries shutting down and out-of-control inflation.
BY MAZ PLECHINGER, TRANSLATED BY CHRISTOFFER ØSTERGAARD
Russian troops weren't alone in crossing the border to Ukraine on Thursday. So did the continued Russian gas supply through the pipeline that runs through the country against which Russia has now declared war.
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