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The Independent UK
The Independent UK
National
Via AP news wire

HISTORICAL FACTS: Explainer what does ukraine invasion mean for energy bills - The Untold Story

Copyright 2015 The Associated Press. All rights reserved

Even as gunfire sounded in Ukraine's capital, natural gas kept flowing normally Friday through the major pipelines from Russia to Europe. But the invasion and accompanying sanctions are casting a shadow over longstanding energy ties, both for the coming weeks and longer term.

Europe, along with the rest of the world, is already facing high gas prices and an energy crunch that has hit consumers in their pocketbooks. Russia’s attack on Ukraine has whipsawed energy markets, not least because Europe depends on Russian supplies of natural gas.

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