Free Republic

German industry is reportedly preparing to institute gas rationing in Europe’s largest economy as Vladimir Putin’s Russia cut off shipments to Finland, which has launched an application to join the NATO military alliance. The Federal Network Agency of Germany, locally known as the Bundesnetzagentur (BNetzA), is reportedly drafting action plans to implement gas rationing in response to Russian leader Vladimir Putin’s demands that unfriendly nations purchase natural gas from Moscow in rubles rather than Western currencies such as the dollar or euro. According to a report from the Reuters news agency, BNetzA — which regulates energy in Germany — said:...

Almost two months after Europe rushed to declare it would impose unprecedented sanctions on Russia in response to Putin’s invasion of Ukraine with no regard for how such sanctions would boomerang and cripple its own economies, the old continent which was and still remains hostage to Russian energy exports, is finally grasping the underlying math which was all too clear to Vladimir Putin long ago. According to new projections from the European Commission, the euro area’s pandemic recovery would grind to a halt, while prices would surge even more quickly if there are serious disruptions to natural-gas supplies from Russia....