Despite the cascade of Western sanctions on Russia in response to its invasion of Ukraine, one thing hasn’t been affected so far – flows of Russian gas to Europe and the funds to pay for it. Europe remains heavily dependent on Russian gas, which supplies around 40% of its needs, and is now worried that Russian President Vladimir Putin could use it to retaliate against sanctions. But Russia, which pumps gas through pipelines that cross Ukraine and other eastern European nations, requires the revenue, perhaps now more than ever. What is the status of this mutual dependency? HAS THERE BEEN ANY INTERRUPTION OF GAS SUPPLIES BECAUSE OF THE WAR? So far not. Russia has been delivering gas to Europe to fulfill long-term contracts, […]