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‘Tectonic Shift’: Putin Could Crush European Energy Market By Withholding More Gas, Top Energy Group Says

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The International Energy Agency warned Tuesday that Russia could cause significant damage to European energy markets by further withholding natural gas supply.

Using natural gas supplies as a political weapon, though, could ultimately backfire on Russian President Vladimir Putin if European utilities choose to purchase supplies elsewhere, IEA Executive Director Fatih Birol said, according to The Guardian. Russia is responsible for approximately 46% of European gas imports, European Union data showed.


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