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Evening Standard
Evening Standard
Business
Jonathan Prynn

What will happen to energy bills if Russia invades Ukraine?

A Ukrainian soldier trains during military drills close to Kharkiv, Ukraine

(Picture: AP)

If - or perhaps when - President Putin issues the go order for the tanks massed on the Ukraine border, it can only mean one thing for the cost of energy for already hard pressed British consumers.

That prices will go up again is a given. Just how far and for how long is a much more difficult question to answer. On the face of it, the UK is not too badly exposed to any interruption in the supply of gas from Russia caused by conflict in Ukraine.

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