On Tuesday, European natural gas futures jumped after U.S. and European allies weighed new sanctions against Russia if it should invade Ukraine. Cold weather is not the only driver of natgas prices but also geopolitical instability in the region has helped push prices near 100 euros per megawatt-hour. According to Bloomberg , citing people familiar with the matter, the U.S. and European allies could hit Moscow with sanctions that would paralyze its ability to convert rubles for dollars and other foreign currencies if an invasion of Ukraine was seen early next year. President Joe Biden and President Vladimir Putin are expected to speak Tuesday. People familiar with the upcoming meeting said Biden will outline various types of sanctions the US could use if Putin were to invade Ukraine. Rising tensions between the US/EU and Russia come as U.S. intelligence has warned as many as 175,000 Russian troops are assembling […]