The West still needs Russian gas that comes through Ukraine
Austria, Hungary and Slovakia are particularly dependent on it
When Ukrainian forces stormed into Russia early in August, Europe’s energy markets took fright. Russia’s gas exports to the EU are a fraction of what they once were. Still, news that Ukraine had captured Sudzha—a town in Russia that hosts its last major terminal for exporting the fuel to Europe via Ukraine—was enough to send the continent’s benchmark gas price to its highest level this year.
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This article appeared in the Europe section of the print edition under the headline “That awkward pipeline”
Europe September 7th 2024
- Germany’s party system is coming under unprecedented strain
- American restrictions on hitting Russia are hurting Ukraine
- Abuse by priests in Italy can no longer be tolerated by the Vatican
- The obstacles faced by Turkey’s winemakers
- The West still needs Russian gas that comes through Ukraine
- Europe must beware the temptations of technocracy
From the September 7th 2024 edition
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Marine Le Pen spooks the bond markets
She threatens to bring down the French government, but also faces a possible ban from politics
The maths of Europe’s military black hole
It needs to spend to defend, but voters may balk
Ukraine’s warriors brace for a Kremlin surge in the south
Vladimir Putin’s war machine is pushing harder and crushing Ukrainian morale
Vladimir Putin fires a new missile to amplify his nuclear threats
The attack on Ukraine is part of a new era of missile warfare
A rise in antisemitism puts Europe’s liberal values to the test
The return of Europe’s oldest scourge
Once dominant, Germany is now desperate
As an election looms its business model is breaking down