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What Would War in Ukraine Mean for Europe’s Energy Crisis?

The Trans-Siberian pipeline near Mukachevo, Ukraine.

The Trans-Siberian pipeline near Mukachevo, Ukraine.

Photographer: Vincent Mundy/Bloomberg

How hard will energy-starved Europe be hit by a potential Russian invasion of Ukraine? It depends on how President Joe Biden reacts.

Russia kept sending gas to Europe all through the Cold War, and more recently in the aftermath of its annexation of Crimea. Moscow is unlikely to want to risk damaging its reputation as a reliable supplier this time around either, according to Uniper SE, one of the top buyers of Russian gas in Europe.