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Explained: What is Gazprom and what makes it so powerful?
Europe is on edge, following Gazprom’s vitality transfer.
The vitality large has already diminished fuel flows to 12 EU nations, both partially or fully. Dwindling provides are sending costs hovering and pushing the financial system nearer to a recession.
Gazprom’s strikes, normally justified beneath questionable technical concerns, has raised accusations the corporate is immediately following the Kremlin’s lead and serving as a retaliatory software to make the EU pay the worth for the sanctions imposed on Russia for the reason that onset of the Ukraine struggle.
Whereas the bloc goes to nice lengths to maneuver away from Russian fossil fuels, world markets are too tight and Gazprom’s grip continues to be too robust.
Governments are already getting ready its corporations and residents for a worst-case state of affairs the place Russian fuel vanishes in a single day and rationing is launched.
So, what makes Gazprom so highly effective?
Watch the video above to seek out out.