Putin Signals Reducing Gas Supplies to Europe regarding Ukraine's Moves

ISTANBUL--October 23, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--As the West tightens sanctions on Russia's economy, the answer from Moscow toughens. Lately, Russian President Vladimir Putin had threatened to cut natural gas supplies to the European Union. Currently, Russia's natural gas giant OAO Gazprom (Moscow, Russia) exports approximately 35% of Europe's annual gas needs. Within this article: Analyses on the natural gas situation in Europe, which predictions on what could happen if supplies are cut.