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Some European Factories, Long Dependent on Cheap Russian Energy, Are Shutting Down
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PARIS—For decades, European industry relied on Russia to supply low-cost oil and natural gas that kept the continent’s factories humming.
Now Europe’s industrial energy costs are soaring in the wake of Russia’s war on Ukraine, hobbling manufacturers’ ability to compete in the global marketplace. Factories are scrambling to find alternatives to Russian energy under threat that Moscow could abruptly turn off the gas spigot, bringing production to a halt.
Read more on wsj.comAbout this in other media
Russia’s Squeeze on Energy Prices Tests European Leaders at the Polls wsj.com /2 years ago
Third non-EU country, Ukraine, joins the European Blockchain Partnership cointelegraph.com /2 years ago
Russia Steps Up Pressure on European Gas Supplies wsj.com /2 years ago
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