The European Union’s economy would likely contract during the remainder of this year if supplies of natural gas from Russia were to be halted soon, with the deepest recessions felt by countries that rely on that source for much of their energy generation, the bloc said Monday.
European nations have been scrambling to sever their energy relationship with Russia since the start of the war in Ukraine. While some have made significant progress, Monday’s warning underlines the extent of the work that remains to be done to end the continent’s reliance on Russian supplies.
