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R.I.P. Europe's energy system

In what would have been an unimaginable scenario just a few months ago, Russia has halted all natural gas flows to Europe through its Nord Stream pipeline — plunging the continent into a new era of uncertainty that's reverberating across markets.

Why it matters: The gas cut-off bodes incredibly poorly for economic growth in Europe, as a range of industries dependent on abundant Russian gas are being forced to slash production.


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