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European Energy Prices Jump on Mounting Tension Over Ukraine

  • Putin signals diplomatic efforts to go on with U.S., allies
  • Moscow has repeatedly said it has no plans to invade
Bloomberg business news
WATCH: Europe depends on Russia for a third of its gas supply. What heppens if there’s a war in Ukraine?Source: Bloomberg
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European natural gas and electricity pared earlier gains, after Russia signaled that diplomacy would continue over the crisis in Ukraine and milder weather was forecast for the continent. 

President Vladimir Putin countered U.S. warnings that Russia may invade Ukraine within days, via televised meetings with top officials that emphasized a de-escalation of tensions. Putin has repeatedly said Russia has no plan to invade, though it has amassed troops at the border.