Europe Braces for Rationing Risks in Russian Gas Showdown
- Concerns are high that a pipeline outage could get extended
- Gas supply halt would put Europe at the mercy of the weather
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Europe faces the risk of blackouts, rationing and a severe recession if Russia further slashes gas deliveries, and the next reality check is at hand.
A three-day halt of the Nord Stream pipeline -- a key source of natural gas for the European Union -- started on Wednesday, and concerns are widespread that Moscow will find another excuse to clamp down on supplies, putting the region at the mercy of the weather.