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3 charts show Europe’s unprecedented natural gas crisis
Europe is facing an unprecedented energy crisis that’s pushing the economy closer into a recession and posing serious questions about the region’s climate change ambitions. CNBC takes a look at how Russia, led by President Vladimir Putin, is squeezing gas supplies to Europe and what this means for the future. Russia has significantly reduced flows of natural gas to Europe since Western nations imposed tough sanctions on the Kremlin following its unprovoked invasion of Ukraine on Feb. 24. Moscow denies it is using gas as a weapon, but Europeans complain that Gazprom, Russia’s state-owned energy company, is no ... (full story)