Discussion Paper

Europe: Well-positioned to get through next winter without major gas shortages

Abstract: Following Russia’s invasion of Ukraine in early 2022 and resulting international sanctions, natural gas imports from Russia to Europe declined drastically to well below their historical averages. This reduction raised concerns about Europe’s energy supply, given its dependence on Russian gas.


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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2023-08-07

Number: 2023-08-07