Europe fears widespread economic fallout if Russian gas outage continues

As the deadline for Russia to resume natural gas supplies to Germany draws closer this week, European officials and officials are becoming increasingly concerned about macroeconomic consequences Moscow must keep the tap closed which will spread across the continent.

Nord Stream pipeline that carries gas from Siberia to Germany Closed last Monday for annual maintenance Which is expected to last for 10 days. Many in the West fear that Moscow could prolong the shutdown, possibly permanently, and deprive Germany, Europe’s industrial powerhouse, of a key component to its and its neighbors’ factories.