What have Nord Stream 2 and gas got to do with the Ukraine standoff?
by Jennifer Rankin in Brussels from on (#5VW8G)
We answer your questions on the controversial pipeline as west considers its options in the event of a Russian invasion
Gas is not just a source of energy, sometimes it is a political weapon. As western countries weigh possible sanctions against Russia for an invasion of Ukraine, the future of the Nord Stream 2 pipeline hangs in the balance. But it's complicated. The EU gets 41% of its gas from Russia; Russia earns 60% of its import revenues from the bloc. The crisis over Ukraine comes as Europe is struggling to deal with soaring gas prices and internal divisions over how to wean itself off fossil fuels in response to the climate emergency.
Continue reading...