Russian gas supply halt in Ukraine crisis would hurt EU economics: Experts

The bloc would need to both hike imports of liquefied natural gas and impose emergency measures to cut demand.

Photo: Bloomberg
Premium

Photo: Bloomberg

Reuters Brussels
The European Union could cope with a short term halt to all Russian gas imports but doing so would have "profound economic consequences" and require emergency measures to curb demand, according to analysis by the think tank Bruegel.

Escalating tensions between the West and Russia over Ukraine have raised concerns about Russian gas flows to Europe, prompting the European Commission and the United States to investigate alternative supplies.

In an analysis due to be published on Thursday, Bruegel said that if Russia cut off all gas, the EU would need to both hike imports of liquefied natural gas (LNG) and

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 27 2022 | 11:22 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com