Biden Says Russia Sanctions Have Had ‘Profound’ Impact As calls grow for the U.K. to cut off Russian companies over the invasion of Ukraine, few realize how costly that could prove for thousands of businesses as well as schools, libraries and parts of the National Health Service that rely on Gazprom Energy for their gas. The retail brand of Gazprom Marketing & Trading Ltd. , a subsidiary of Russian state-run Gazprom PJSC , is one of the country’s biggest gas suppliers, providing more than a fifth of U.K. commercial gas volume. If its retail contracts collapsed, buyers could face huge price increases. Gas wouldn’t automatically be cut off but the regulator would bump purchasers to other providers with much higher prices. Commercial contracts usually keep a price steady for their duration. This means that, unlike much of the solidarity with Ukraine heard around the world which comes with little […]