Into Europe: Europe imports 40% of its gas from Russia. But with the war in Ukraine, Europe and Russia are decoupling their economies at breakneck speed. As part of its sanctions, Europe has banned Russian coal and is phasing out Russian oil. Russia on the other hand is throttling natural gas exports, pushing up energy prices in Europe to record levels.
With Europe's economy relying on some of the most energy-intensive industries, Europe and its industry face an energy crunch that it may struggle to survive.
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