Banks across Europe are bracing for energy rationing and possible power outages this winter by getting backup generators ready so that they won’t leave bank transactions and ATMs in the dark if the energy crisis worsens, sources familiar with plans tell Reuters . The banks are also considering dimming the lights to save energy, according to an analysis by Reuters. The energy crisis in Europe took a turn for the worse at the end of last week, when Russian gas giant Gazprom said after three-day maintenance on Friday that Nord Stream would remain shut until “operational defects in the equipment are eliminated”, upping the ante in its gas war against Europe. On Monday, the Kremlin blamed sanctions for the shutdown of the Nord Stream pipeline and said the pipeline would remain shut until the Western sanctions that impede gas turbine repairs are lifted. As governments in Europe appeal for […]

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