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Bangkok Post
Bangkok Post
Business

Without Cheap Russian Energy, Some European Factories Are Shutting Down

A factory in Le Havre, France, that has curtailed ammonia production because of high natural-gas prices. (Photo: AFP)

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.

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