Russia’s natural-gas game comes with economic risks

Russian President Vladimir Putin Europe could afford to cut natural-gas exports thanks to substantial revenues from other commodities, but such a move would come with long-term risks to Russia’s sanctions-stricken economy and its prolific energy industry.

Earlier this week, Moscow Gas supply resumed through Nord Stream pipeline After the annual maintenance ended, worries in Europe subsided that Mr Putin would further reduce exports at a time when the continent is filling up its storage before winter. However, the restarted pipeline, after a separate, still unresolved technical issue, is only pumping at 40% capacity, which Moscow blames on Western sanctions.