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EU Nations to Discuss Gas Cut-Off Risk After Sanctions on Russia

  • European energy ministers hold emergency meeting in Brussels
  • EU executive urges member states to send fuels to Ukraine
A gas Gazprom oil, gas and condensate field.

A gas Gazprom oil, gas and condensate field.

Photographer: Andrey Rudakov/Bloomberg
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The European Union will discuss at an emergency meeting on Monday what steps could be taken if Russia halts gas supplies in retaliation to sanctions.

Several member nations view the decision by Western governments to impose penalties on Russia’s central bank and to exclude some of the country’s banks from the SWIFT messaging system as boosting the risk of retaliation, according to three EU diplomats with knowledge of the matter.