William Jackson, chief emerging markets economist at Capital Economics pointed out that in addition to Europe’s reliance on Russia for gas, stock supplies are also low right now.
“Were sanctions to be placed on Russia’s energy exports or were Russia to use gas exports as a tool for leverage, European natural gas prices would probably soar,” he said.
“Were sanctions to be placed on Russia’s energy exports or were Russia to use gas exports as a tool for leverage, European natural gas prices would probably soar,” he said.