European gas prices jumped as much as 30 percent on Monday following Russia's Friday announcement that it is shutting off natural gas exports to the continent through its Nord Stream 1 pipeline indefinitely, Reuters and The Guardian report.
Russia's state energy provider, Gazprom, claims it is shutting down the pipeline due to an oil leak that needs to be repaired, though European leaders have accused Moscow of squeezing gas supplies "in retaliation against sanctions imposed after its invasion of Ukraine," The Guardian explains, adding that "the threatened cuts to supplies of gas from Russia have prompted a scramble by European countries to store as much gas as possible before winter, as well as efforts to find alternative supplies."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Today's political cartoons - April 20, 2025Cartoons Sunday's cartoons - Pam Bondi, retirement planning, and more
-
5 heavy-handed cartoons about ICE and deportationCartoons Artists take on international students, the Supreme Court, and more
-
Exploring the three great gardens of JapanThe Week Recommends Beautiful gardens are 'the stuff of Japanese landscape legends'
-
Judge threatens Trump team with criminal contemptSpeed Read James Boasberg attempts to hold the White House accountable for disregarding court orders over El Salvador deportation flights
-
Biden slams Trump's Social Security cutsSpeed Read In his first major public address since leaving office, Biden criticized the Trump administration's 'damage' and 'destruction'
-
El Salvador refuses to return US deporteeSpeed Read President Nayib Bukele of El Salvador said he would not send back the unlawfully deported Kilmar Ábrego García
-
Trump says electronics tariff break won't lastSpeed Read The tariff exemptions on smartphones, laptops and other electronic devices are temporary, the administration says
-
Man charged in arson attack on Pennsylvania's ShapiroSpeed Read Governor Josh Shapiro and his family were sleeping when someone set fire to his Harrisburg mansion
-
White House pushes for oversight of Columbia UniversitySpeed Read The Trump administration is considering placing the school under a consent decree
-
Supreme Court backs wrongly deported migrantSpeed Read The Trump administration must 'facilitate' the return of wrongfully deported migrant Kilmar Ábrego García from El Salvador, Supreme Court says
-
Russia's spring offensive: what does it mean for Ukraine?Today's Big Question Ukraine's military campaigner says much-anticipated offensive has begun
