Russia’s energy influence over Europe ‘is nearly over’ as bloc races to shore up winter gas supplies

Russia’s energy influence over Europe ‘is nearly over’ as bloc races to shore up winter gas supplies

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  Europe has endured a sharp drop in gas exports from Russia, traditionally its largest energy supplier.
• It has deepened a bitter dispute between Brussels and Moscow and exacerbated the risk of recession and a winter gas shortage.
• “Europe is heading towards a very difficult winter, probably two years of a very difficult adjustment with a lot of economic pain,” Agathe Demarais, global forecasting director at The Economist Intelligence Unit, told CNBC via telephone..."