Potent and quite an Effective Weapon against Europe
Russia’s gas embargo has emerged as a potent and quite an effective weapon against Europe. The European Union definitely knew that antagonising Moscow would have consequences. Yet, countries in Europe pressed on, and are today facing skyrocketing inflation and incredibly high costs of living.
Russia’s gas embargo is also having devastating consequences for farming giants in Europe. Germany’s industries, meanwhile, are on the verge of a blackout. What more could go wrong? Ask Germany, and it’ll tell you that its biggest natural gas companies are today on the verge on bankruptcy. At least two German gas giants are desperately seeking government bailouts to survive the ongoing crisis. Watch to know more.
Credit to : Firstpost
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