German Industry Boss: Cutting Off Russian Gas Would Be “Catastrophic”

As we detailed yesterday, almost two months after Europe rushed to declare it would impose unprecedented sanctions on Russia in response to Putin's invasion of Ukraine with no regard for how such sanctions would boomerang and cripple its own economies, the old continent which was and still remains hostage to Russian energy exports, is finally grasping the underlying math which was all too clear to Vladimir Putin long ago. The European Union’s executive arm said yesterday that the currency bloc’s economy would expand about 0.2% this…